Ethereum Dey Eye $4,100 Rally After Dem Test $3,800 Resistance
Ethereum don rally almost 70% for past one month, e don regain im strong support pass $3,000 because of Bitcoin new high. Monday, ETH reach $3,860 before e fall reach $3,600. If e fit pass the $3,835–$3,840 resistance area, e fit carry go the cycle high at $4,107. But if the $3,800–$4,000 barrier hold, the bearish RSI divergence and volume cut fit make am go back to $3,300. Analyst dem dey see bullish fractal pattern, MACD cross and bear trap wey fit clear road for clear break out. Traders suppose dey watch the support at $3,490, momentum indicator and volume signals to know when to enter and comot. As e dey now, Ethereum dey trade close to $3,700, e don rise 21% dis week.
Bullish
Di tori dem yarn Ethereum strong rally, key resistance test dem an mixed technical signals. For short term, bearish RSI divergence an volume contraction dey raise pullback risks near $3,800–$4,000 zone, e mean say traders suppose proceed wit caution. But breakout potential strong becos bullish fractal patterns, MACD crossover plus bear trap reversal dey show say move fit go $4,107 cycle high. For long term, analogy to past rallies plus institutional interest dey support bullish outlook, wit targets reach $8,000–$10,000 if clear breakout happen. So, overall impact for Ethereum trading na bullish.