Ethereum’s price action is at a critical point after breaking out of the rise Wedge pattern. The move initially increased optimism for higher targets, but a retest of key support zones will determine this happen Hold or fade to the wrong alarm. With the $3,900 to $4,100 range serving as a sand line, Ethereum is facing one of the most important tests to date.
ETH breaks the rising wedge: retest the key
According to the recent post Crypto Analyst X boss Ethereum’s weekly charts previously showed a rise in wedge formation. This technical pattern is often seen with caution as it may indicate a potential bearish reversal. However, in an incredibly bullish development, Ethereum has erupted from this pattern to advantage, suggesting it is a strong underlying Momentum.
Following this breakout, the price is now I pulled back That’s just exceeded to running a critical retest at that level. This retest of breakout points is a classic move in technical analysis, with previous levels of resistance being tested as new support.
Analysts emphasize that if ETH holds the retest level for this key successfully, they will open the door for continuous movement. Meanwhile, the next potential resistance area shown on the analyst chart is located at a price level of $4,887.
ATH will target the target as is, but the price exceeds support
Recent Crypto Candy updatehighlighted that Ethereum’s sudden move has returned to its weekly support zone between $3,900 and $4,100. The zone has proven to be an important area for ETH and serves as a strong foundation for buyers to maintain their current bullish outlook. The fact that Ethereum still holds above this level suggests that market Sentiment remains positive at prices that aim to achieve a higher target.
As long as ETH maintains its position beyond $3,900 to $4,100, analysts say support Zone, the overall trajectory is heading towards its retest The best ever level. This zone acts as a make-up or break area, but can determine the next big move for Ethereum. Holding here will continue to lead to bullish cases, strengthening the odds of another important gathering in the coming weeks.
However, Crypto Candy also warned of serious risks. If Ethereum fails to defend this support and falls below $3,800, the overall outlook could change dramatically. Such a move negates bullish structures, induces potentially strong sales pressure, and opens the door for deeper corrections. Therefore, future sessions will be extremely important as a battle for ETH to step into this important support zone.
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