📊 Ethereum — Pullback from $4,200 Resistance
Ethereum faced a clear rejection from the $4,200 resistance zone, precisely aligning with the moving average — a classic reaction confirming short-term exhaustion of buyers.
🟢 Bullish scenario:
If ETH manages to hold above $4,000, it may keep the bullish compression pattern intact. This could open the way for another breakout attempt above $4,200, targeting renewed highs as momentum rebuilds.
🔴 Bearish scenario:
A drop below the psychological $4,000 level could trigger another sideways correction, with the price likely to oscillate between $3,700 and $4,200 until stronger directional conviction emerges.
Ethereum remains in a critical zone — traders should monitor the $4,000 level closely, as it may decide whether the market resumes its uptrend or extends consolidation.
