📣Hey BTC enthusiasts! Let's talk about Ethereum's recent bullish momentum! 🚀 After a couple of months of correction, Ethereum's price is on the rise, with the asset nearing its recent high. However, breaking the $4,000 resistance is proving to be a tough nut to crack. 🌰

On the daily chart, the price has blasted through the higher boundary of the large descending channel, with the $3,600 area turning into a support level. This suggests that the market might break through the key $4,000 resistance zone, sparking optimism for a mid-term rally toward the $4,800 all-time high. 📈

The 4-hour chart is also showing bullish signs. The price has been declining inside a bullish flag pattern this week, but it seems to be breaking the flag to the upside - a classic bullish continuation signal. With the Relative Strength Index also on the verge of rising above 50%, the momentum is shifting in favor of a bullish move. 🎯

Ethereum's price experienced a rapid surge last week, nearing the $4K mark. This uptrend has sparked renewed demand and heightened buyer activity. However, the steep rise in open interest introduces potential volatility and the risk of sudden, unexpected price movements. So, while the market sentiment is bullish, it's crucial for investors to manage their risk carefully in the short term. Stay tuned for more updates! 📰👀