Price: $4,018Weekly Support Zone: ~$3,800 โ $4,200Weekly Resistance Zone: ~$4,800 โ $5,000
ETH is currently sitting just above weekly support, after being rejected from the resistance band around $5K.
$ETH $BTC $XRP ๐ Upside Targets (if ETH bounces from support)
First rebound target: $4,300 โ $4,400 (mid-range recovery zone).Retest resistance: $4,800 โ $5,000 โ major supply zone; ETH has been rejected here multiple times.Breakout extension: If ETH closes a weekly candle above $5,000, the next upside legs could be:$5,500 (psychological round level)$6,000 (measured move & round resistance) ๐ Downside Targets (if ETH loses support)Initial drop: $3,800 (support floor).Breakdown zone: If $3,800 fails โ next demand cluster is $3,300 โ $3,500.Deeper correction: $2,800 โ $3,000, which also lines up with prior accumulation before the recent rally.
โ๏ธ Key TakeawaysETH is in a range-bound structure between $3.8Kโ$5K.Bullish case: Hold $3.8K โ push back toward $5K, breakout targets $5.5Kโ$6K.Bearish case: Lose $3.8K โ momentum shifts bearish with $3.3Kโ$3.5K as the next key support.
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