After breaking out from a major resistance, ETHUSDT delivered a clean and healthy retest, just as expected. The bounce from that level showed strong buyer confidence, confirming that bulls are still in control.
Currently, Ethereum is holding a crucial support zone around the $4000 range. This level will play a key role in determining the next big move. If ETH manages to sustain and bounce from here, we could see the price rallying towards the $7000-$8000 zone in the coming weeks.
However, traders should stay cautious, a drop below $3500 could signal further downside and a deeper correction. As always, risk management is key in every setup.
Watch the $4000 zone closely, the next ETHUSD wave could be massive!
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