#Ethereum is back on the scene again! With a %13 share in the market, it still holds the position of the strongest altcoin. Last week, it managed to hold above $4,000 and gained momentum, eventually reaching the critical resistance at $4,600. It is currently moving in the $4,670–$4,860 range, meaning it is right in the resistance zone.
In the short term, purchases are a bit excessive, so a small break may come. However, if interest continues, breaking $4,860 could target $5,500. It's important for daily closes to stay above $4,650 for this scenario. If it goes the opposite way, there is initial support at $4,400. If that also breaks, we could see a correction down to $4,000. In summary: $ETH is currently at a critical zone, and if it gathers some strength, it could initiate a new wave of increase. 🚀
In the short term, purchases are a bit excessive, so a small break may come. However, if interest continues, breaking $4,860 could target $5,500. It's important for daily closes to stay above $4,650 for this scenario. If it goes the opposite way, there is initial support at $4,400. If that also breaks, we could see a correction down to $4,000. In summary: $ETH is currently at a critical zone, and if it gathers some strength, it could initiate a new wave of increase. 🚀
ETH-1.26%
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