- Ethereum revisits $3,500, a key former resistance zone.
- $4,000 remains a strong breakout target for bulls.
- Market consolidation at this level could form a bullish pattern.
Ethereum is back testing the $3,500 price level, a zone that previously acted as resistance and is now attempting to turn into support. This move has caught the attention of traders and analysts alike, as ETH navigates a crucial moment that may define its short-term trend.
This price area is considered significant due to past price reactions. When resistance turns into support, it often signals strong buyer interest. If Ethereum can hold above $3,500, the market may either consolidate and build momentum or prepare for a breakout toward higher levels.
$4,000 Is the Next Major Hurdle
The $4,000 price mark is seen as the “BIG BOSS LEVEL” – the next key breakout point for Ethereum. Should ETH manage to hold the $3,500 zone and gather enough bullish momentum, $4,000 could be the next target. A break above this level would be a major psychological and technical achievement, potentially leading to a stronger rally.
In the meantime, a period of sideways movement—also known as consolidation—could be a healthy development. Traders would likely see a bull pennant forming, especially if this plays out over a week or more. These patterns often lead to breakouts to the upside.
Three Entry Zones for Traders
Ethereum currently offers several attractive entry points for swing and day traders alike:
- Support Level 1: $3,500 – key support currently being tested.
- Support Level 2: $3,000 – a deeper fallback zone with strong historical support.
- Breakout Entry: $4,000 – a momentum trade if ETH breaks above resistance.
All three levels offer different risk/reward profiles, depending on a trader’s strategy and market outlook. Platforms like Bitunix are highlighting these zones for users, especially with incentives like a $400 deposit bonus and $9,000 in trading bonuses, making it easier for traders to act now.
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