📈 Ethereum surged above $4,000, marking a significant milestone in its continuous uptrend. After facing rejection, it now retests this level as support, with a bounce expected amid optimistic buying sentiment. 🚀
💹 Since June 2022, Ethereum has witnessed an impressive 3,200% increase, reaching a peak of $4,093 before retracing to the $4,000 mark. The current dip appears to be a retest of the breakout, indicating a potential further uptick in the coming days.
📉 Despite minor fluctuations, Ethereum's overall trend remains highly bullish, mirroring Bitcoin's pattern and potentially aiming to surpass its all-time high soon. The January 2022 high serves as the next buying target, while the $3,200 level acts as monthly support.
📊 Immediate resistance lies at $4,150, followed by $4,220, $4,500, and $4,800, with the all-time high of $4,868 representing a crucial breakout point. On the downside, key support levels include $3,900, $3,580, and $3,300.
⚠️ Disclaimer: This analysis is not financial advice. It's essential to conduct thorough research and exercise caution when investing in cryptocurrencies. 🛡️