📌 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
