Recently Ethereum (ETH) 
$3,949.22It is stabilizing near the $4,000 level and trading just below a critical resistance zone. According to certain sources, ETH recovered by maintaining the $3,800 support and is currently testing a tough resistance band at $4,000 – $4,100. There is selling pressure from this region. If the bulls can break this zone and move it up, the $4,236 – $4,265 area is shown as the next logical target.
Macro Factors and Coordination with Alternative News
In terms of technical analysis, a structure called “cup-handle formation” is forming on the three-day chart. This formation has been considered as a pre-breakout signal in the past. For example, the handle draws a falling channel and appears to have tested its upper and lower limits three times. If it exceeds the channel upper limit with strong volume, a bullish continuation signal could technically occur.
On the other hand, not only technical but also macro data will have an impact on the direction Ethereum will follow. For example, upcoming inflation data and the Federal Reserve (Fed) meeting may lead to increased volatility in the market. It has been warned that such external catalysts may create buying pressure or short squeeze on ETH.
In addition, other experts say institutions are increasingly interested in ETH; He states that a large amount of fund inflows were recorded into spot ETFs, but the participation of individual investors still remained weak. For example, some analysis says ETH is still in the “believe” phase and there is potential for up to $5,000. This was integrated into the new article as a second perspective.
Technical Outlook and Breakout Scenarios
The main support zones for ETH lie between $3,790 – $3,815, and this band has served as a catalyst several times this month. Additionally, a deeper base area is observed forming at $3,550 – $3,670. If the price tests these supports, an environment may be created where buyers can breathe easy. On the other hand, if the above-mentioned resistance of $4,000-4,100 can be passed, a rise towards $4,236-4,265 may come to the fore. If this scenario does not occur, the price may retreat towards support again and move within the narrow area.
Technical analysts emphasize that the upper limit of the channel must be broken with strong volume in order for the cup-handle formation to be approved. Additionally, the potential for a triple bottom formation is also mentioned; This indicates that it may occur at $ 3,750 and a rise to $ 4,280 is on the technical road map.
In short, Ethereum is currently in an environment of uncertainty: While an upward break could add momentum, a bounce back from resistance could cause the price to move towards support again. Even though technical formations give positive signs, external factors such as macro data flow and corporate fund movements will determine the process. While institutions’ orientation towards ETH is increasing, individual investors have not yet fully participated; This raises a question mark in terms of the sustainability of the momentum. In summary, it would be appropriate for investors to be cautious and follow both technical and macro indicators together. At this stage, the $4,000 limit could be either a bounce or a pullback for Ethereum.
