$ETH got rejected from the $4,750 resistance level.
It's now approaching the $4,250-$4,300 support zone, which has strong bids on Binance.
If this level holds, Ethereum will start the reversal.
Otherwise, expect a drop towards $4,000 in the coming weeks.
ETHEREUM IS REPEATING 2021.
Back then, reclaiming the previous ATH triggered a +250% explosion.
Now, $ETH is testing the same level again.
Same structure. Same energy.
Only difference this time? ETFs and institutions are in the mix.
Even with billions flowing in, Ethereum hasn't hit a new high in 4 years. Someone who invested at the 2021 peak is still down. Altcoin investors need perspective on where they are in the cycle.
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⏰ 48H
$ETH is now in the $4,250-$4,350 support zone.
A lot of bids in this region are getting filled.
If bulls aren't able to defend this level, Ethereum might drop towards the $4,000 level.
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