Ethereum – Strong Uptrend but Needs a Breakout!!Ether is still holding its strong uptrend, and the recent rejection from support has kept the bullish structure intact. The bigger picture remains positive, but short-term price action now demands a clear breakout to confirm continuation.
Current structure:
Price bounced cleanly from the 4000 zone, showing that buyers are defending the base.
The rally stalled just below the 4800–4850 resistance. This is the key barrier that needs to give way for the next leg higher.
Until then, we are stuck in a consolidation between strong support below and heavy resistance above.
Key levels to track:
Support: 4050–3950. As long as this zone holds, bulls keep the upper hand.
Breakout zone: 4768–4834. A weekly close above here should trigger momentum buyers.
Upside targets: 5515 → 5550, and if momentum extends, 6,000+.
Short-term view:
Ethereum is in a strong trend but needs that breakout above 4,800 to unlock the next wave higher. If buyers fail to push through, expect more back-and-forth action near support before another attempt.
The structure favors patience – wait for the breakout confirmation rather than chasing inside the range. Trade safe.
