Ethereum Pullback to $4,075–$4,150 Ahead of $5,100 Rally
Analyst Mark Newton forecasts an Ethereum pullback, with ETH pulling back to $4,075–$4,150 midweek. This Ethereum pullback is deemed a healthy correction before a rebound toward $5,100. For Bitcoin (BTC), Newton sets support at $11,190 and projects a rally to $13,000–$14,000. Traders should monitor these key price levels. The outlook indicates short-term risk but potential upside for ETH and BTC.
Bullish
Newton’s forecast frames the ETH pullback as a correction within a broader uptrend. Historically, Ethereum often undergoes short-term dips—such as the 7% retracement in early August—before resuming gains and testing new highs. The identified support zone at $4,075–$4,150 aligns with previous bounce points, suggesting limited downside. A rebound to $5,100 would mark a continuation of bullish momentum. For Bitcoin, holding above $11,190 support could trigger a rally toward $13,000–$14,000, akin to its mid-year recovery. Traders witnessing this pattern may view the dip as a buying opportunity, supporting a bullish stance in both the short and medium term.