ETH is showing real strength right now. It just blasted through a major resistance zone around $3,000 like it wasn’t even there. That yellow line you marked as a strong support? I completely agree — it’s been respected so many times before, and price has now broken above it with momentum. That level could act like a launchpad if ETH decides to retest it.
Right now, it’s hovering around $3,825, and honestly, after such a strong move up, a small pullback wouldn’t be surprising. Think of it like climbing stairs — it’s healthier to rest a bit before pushing higher. If ETH dips and holds above $3,700 (that yellow zone), that could be a solid sign the bulls are still in charge.
You also drew a clean uptrend line — beautiful. ETH bounced off that trend multiple times, showing it’s still climbing steadily. But now it’s a bit stretched above that line, which sometimes leads to quick corrections.
What’s next? ETH might retest $3,700 before heading to $4,200–$4,400 — a past rejection zone. But if momentum dies, a drop back to $3,000 isn’t off the table. Still, with this current trend, buyers are clearly in control.
So, I’d say — don’t chase the green candle. Let it breathe. If it holds above support, that’s your entry. No need to rush. ETH's telling a strong story — just watch how it reacts around that yellow zone.
Right now, it’s hovering around $3,825, and honestly, after such a strong move up, a small pullback wouldn’t be surprising. Think of it like climbing stairs — it’s healthier to rest a bit before pushing higher. If ETH dips and holds above $3,700 (that yellow zone), that could be a solid sign the bulls are still in charge.
You also drew a clean uptrend line — beautiful. ETH bounced off that trend multiple times, showing it’s still climbing steadily. But now it’s a bit stretched above that line, which sometimes leads to quick corrections.
What’s next? ETH might retest $3,700 before heading to $4,200–$4,400 — a past rejection zone. But if momentum dies, a drop back to $3,000 isn’t off the table. Still, with this current trend, buyers are clearly in control.
So, I’d say — don’t chase the green candle. Let it breathe. If it holds above support, that’s your entry. No need to rush. ETH's telling a strong story — just watch how it reacts around that yellow zone.