Target $4,000!
2025-02-11
Category: None

Ethereum is currently bouncing from a key ascending trendline support, which has held strong in previous market corrections. This trendline has historically acted as a major reversal point.

ETH has rebounded from the $2,300–$2,400 range, aligning with the long-term trendline support.

If ETH sustains this bounce, the next major resistance lies around $3,100–$3,200. A breakout beyond this could open the path towards $4,000.

We might observe some consolidation above the trendline before a potential breakout.
The price action suggests bullish momentum, but a daily close below the trendline could invalidate this outlook.