📌 Overview
Despite the vast number of cryptocurrencies in circulation, the majority lack real long-term utility. Ethereum (ETH) stands out as a foundational asset in the evolving digital infrastructure—powering smart contracts, DeFi, and Web3 development.
📈 Technical Outlook
We’ve been tracking Ethereum closely for months and have actively participated in the ongoing rally. ETH is currently:
Holding above key support in the $4,000–$4,200 range (former resistance now turned support)
Consolidating within the $4,800–$5,000 resistance zone, near its previous all-time highs
We’re now observing the development of a symmetrical triangle pattern, which often precedes a continuation move.
🚀 Bullish Setup
Breakout above the upper triangle resistance could target the $5,700–$5,800 zone in the near term.
Our medium- to long-term target remains $7,000–$8,000, depending on market liquidity and macro conditions.
A confirmed breakout with strong volume could validate the next leg higher.
🔔 Key Levels to Watch
Support: $4,000 – $4,200
Resistance: $4,800 – $5,000
Short-term target: $5,700 – $5,800
Long-term target: $7,000 – $8,000
Despite the vast number of cryptocurrencies in circulation, the majority lack real long-term utility. Ethereum (ETH) stands out as a foundational asset in the evolving digital infrastructure—powering smart contracts, DeFi, and Web3 development.
📈 Technical Outlook
We’ve been tracking Ethereum closely for months and have actively participated in the ongoing rally. ETH is currently:
Holding above key support in the $4,000–$4,200 range (former resistance now turned support)
Consolidating within the $4,800–$5,000 resistance zone, near its previous all-time highs
We’re now observing the development of a symmetrical triangle pattern, which often precedes a continuation move.
🚀 Bullish Setup
Breakout above the upper triangle resistance could target the $5,700–$5,800 zone in the near term.
Our medium- to long-term target remains $7,000–$8,000, depending on market liquidity and macro conditions.
A confirmed breakout with strong volume could validate the next leg higher.
🔔 Key Levels to Watch
Support: $4,000 – $4,200
Resistance: $4,800 – $5,000
Short-term target: $5,700 – $5,800
Long-term target: $7,000 – $8,000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.