Looking at the Ethereum (ETH) chart on a higher timeframe, the $4,200 level emerges as a critical resistance zone. Here’s why this level matters and what to watch for:
📊 Key Insights:
1️⃣ Critical Zone at $4,200:
The price has rejected this level three times in the past, making it a highly mitigated zone.
A strong breakout above $4,200 could pave the way for a significant rally.
2️⃣ Current Setup:
The current price is $3,350, and a small pullback is expected before ETH approaches the $4,200 mark.
Once $4,200 is broken decisively, the next major target could be as high as $10,000.
3️⃣ Altseason Catalyst:
A breakout above $4,200 could potentially ignite the Altseason, as Ethereum often leads the market in altcoin rallies.
💡 Why ETH is the Best Bet:
If you’re looking for an ultra-safe investment during the upcoming Altseason, Ethereum stands out as the strongest contender.
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🔖 Tags:
#Ethereum #ETH #Altseason #CryptoTrading #CryptoAnalysis
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