Ethereum Don Break $4,100 Resistance, E Get Eye on $4,500–$4,800
Ethereum (ETH) don extend dia weekend rally by regain $4,200 zone and close for $4,249—e be im strongest weekly finish since 2021. E don break key resistance for $4,100–$4,400. On-chain analysis dey show say MVRV ratio climb to 2.0, plus MACD don turn positive, wey mean say momentum dey bullish. If e continue to close pass $4,400, e fit trigger short-term jump go $4,500 and $4,800. But if Ethereum no fit hold above $4,100, e fit retest $3,800–$3,600. Traders suppose watch volume, MVRV thresholds (~2.4 and 3.2 for profit-taking) plus other on-chain signals to sabi when to enter and exit.
Bullish
Ethereum don break well well pass di $4,100–$4,400 resistance zone, support by beta MACD plus di MVRV wey dey rise, show say e get strong bullish momentum. For short term, if e dey close steady pass $4,400, e dey usually lead to quick rally as traders dey chase price targets, meanwhile on-chain metrics dey show holders still dey make profit with no sign say dem dey too happy, so e dey reduce immediate sell pressure. For longer term, if breakthrough confirm, e fit attract both retail and institutional capital, wey go ginger the uptrend go previous highs. But traders gats watch key support for $4,100 and MVRV levels wey dey around 2.4–3.2 make dem fit take profit if e reach. Overall, di news dey firmly bullish for Ethereum price movement.