Ethereum has been consolidating near the $4,000 level, trading within a stable range of roughly $3,970–$4,070. Over the weekend, price movements were muted, suggesting that a high-sell/low-buy strategy could be effective within this channel as risks remain relatively controlled.
On the broader view, ETH found strong support after breaking above $3,800 and is now shaping a new bottom structure. Tomorrow’s market action may play a decisive role in setting the tone for early October. Technically, the downside looks limited, with key support expected in the $3,500–$3,600 range.
Overall, the trend is constructive. Once this phase of consolidation concludes, Ethereum is likely to enter a strong bullish wave. Projections suggest a move back toward $4,500 in early-to-mid October, with a longer-term target of $5,000 still in play.
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Ethereum has been consolidating near the $4,000 level, trading within a stable range of roughly $3,970–$4,070. Over the weekend, price movements were muted, suggesting that a high-sell/low-buy strategy could be effective within this channel as risks remain relatively controlled.
On the broader view, ETH found strong support after breaking above $3,800 and is now shaping a new bottom structure. Tomorrow’s market action may play a decisive role in setting the tone for early October. Technically, the downside looks limited, with key support expected in the $3,500–$3,600 range.
Overall, the trend is constructive. Once this phase of consolidation concludes, Ethereum is likely to enter a strong bullish wave. Projections suggest a move back toward $4,500 in early-to-mid October, with a longer-term target of $5,000 still in play.
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