Hey, Binance Square family! 👋
We're keeping a close eye on Ethereum (ETH) right now, and it looks like we might be in for a bit of a rollercoaster ride. 🎢
As you can see from the chart, ETH recently broke through the $4,200 resistance level, which is a big deal! 🚀 This bullish move could be followed by a short-term pullback or consolidation phase.
Here's what we're watching for:
* A 20% dip: We're expecting a correction of around 20% from the current price. This is a normal part of the market cycle, and it can create buying opportunities for those who are patient.
* Holding the $4,200 level: If ETH can hold above $4,200 during this dip, it would be a strong signal that the bulls are still in control.
* Potential targets: If the dip is followed by a bounce, we could see ETH aiming for new highs, potentially reaching $5,000 or even $7,500! 🤑
Disclaimer: This is just our analysis, and it's not financial advice. Always do your own research and trade responsibly.
What do you think, Binance Square family? Are you ready for a potential dip in ETH? Let us know in the comments below! 👇
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Let's make it rain, Binance Square! 🌧️💰