Ethereum Eyes $4,060 Breakout to $4,750, Rejection Risks $3,600
Ethereum price rebounded from the $3,800 liquidity zone and now confronts key resistance at $4,060. A confirmed daily close above $4,060 would likely trigger a rally toward $4,265 and $4,750, provided volume confirmation supports the move. Failure to reclaim $4,060 could open the door to a retest of $3,800, with potential declines to the $3,600–$3,550 liquidity pockets.
Analyst Ted Pillows notes that the $3,800 zone absorbed sell-side pressure and fueled the recent bounce. Traders should monitor daily closes, trading volume, and on-chain inflows for breakout validation. Risk managers are advised to set stop-loss orders below $3,800 on short positions and to wait for a clear daily close above $4,060 before entering longs. Key levels: $4,060 resistance, $4,265 and $4,750 upside targets, and $3,800–$3,600 support zones.
Neutral
The article outlines that Ethereum price remains range-bound as it tests the pivotal $4,060 resistance after a bounce from $3,800. Without a decisive daily close above $4,060, the market lacks the conviction for a sustained rally, suggesting neutral short-term bias. Historically, similar liquidity-zone bounces at key resistance levels have resulted in prolonged consolidation until clear breakouts occur. In the short term, traders will likely see heightened volatility around $4,060 and $3,800 as stop hunts and position adjustments play out. Over the long term, a confirmed break above $4,060 with strong volume could pivot sentiment bullish, while a rejection and drop below $3,800 might trigger a deeper correction toward $3,600.