📌 Ethereum Tests Key Support Levels
Key Fact:
Ethereum consolidates between $4.2K support and $4.9K resistance, with a descending channel forming on the 4-hour chart.
💡 Impact:
▪️ Break above $4.5K could trigger short liquidations, pushing price toward $4.6K–$4.7K.
▪️ Loss of $4.2K support may accelerate selling, targeting $3.8K.
⚡ Action:
Monitor $4.2K and $4.5K for breakout or rejection signals.
Market remains range-bound, awaiting decisive momentum.
