🚨 $ETH Closing in on $4,000: Bulls Charge Towards Breakout! 🚨
$ETH is trading at $3,972.00, just below its 24-hour high of $3,977.13. The sharp surge from the support at $3,844.40 reflects strong bullish momentum, with immediate support now established at $3,950.00. If this buying pressure holds, ETH could attempt to break through the critical $3,980 resistance level.
Traders can consider an entry at $3,972.00, with short-term targets set at TP1: $3,980.00 and TP2: $3,990.00. A stop-loss at $3,950.00 is recommended to manage risk in case of a pullback.
The RSI at 87.7 indicates ETH is in overbought territory, signaling caution for short-term traders. However, MACD shows strong upward momentum with increasing volume, hinting at further bullish activity. A breakout above $3,980 could pave the way for a push toward $4,000, so watch price action closely.