$ETH Bounces Back: Can It Retest $4,100?
$ETH is currently trading at $4,049.73, recovering from its recent dip and eyeing the immediate resistance at $4,058.93. A successful push above this level could see ETH testing tighter upward targets of $4,080, $4,100, and $4,107.
The RSI at 56.34 indicates a neutral zone with room for a move higher, while MACD hints at recovering momentum. If ETH faces rejection, the next support lies at $3,954, where buyers may step in for a bounce. A stop-loss at $3,950 will help manage downside risk effectively.
Traders should watch for volume confirmation as ETH navigates this critical range, presenting short-term breakout opportunities.