Strong Bullish Case for ETH Above $4,220 (Ethereum Price Analysis)

Ethereum is currently trapped between strong higher-timeframe support and heavy resistance left behind by the recent ￰0￱ must defend the $3.9K base to keep the broader uptrend intact, while reclaiming the $4.2K resistance band would provide confirmation for a continuation move toward the previous ￰1￱ Analysis By Shayan The Daily Chart On the daily timeframe, ETH has pulled back from its recent peak into a critical support confluence, including the 100-day moving average and the ascending channel’s lower boundary around $3.8K. Despite the recent sell-off, the cryptocurrency remains above the 200-day moving average, which continues to serve as a longer-term bullish ￰2￱ rejection from the order block near $4,600–$4,700 has left the market vulnerable to short-term downside pressure.

However, as long as the price holds above $3.8K–$3.9K, there remains scope for recovery. A sustained daily close back above the order block would likely trigger renewed bullish momentum.) and key Fibonacci retracements. A failure to reclaim momentum above $4,200 could force ETH into further consolidation, or even another retest of the $3,800 demand block. Conversely, a clean breakout would pave the way for ETH to revisit higher resistance zones, ultimately targeting the $4,600–$4,700 order block.) appeared first on CryptoPotato .