Usman Salis
Ethereum has shown impressive strength by defending the crucial $4,200 support level, sparking renewed optimism among traders. With the price now stabilizing above this key zone, all eyes are on the next resistance levels that could determine ETH's short-term trajectory.
ETH Price Reclaims Key Level at $4,200
Ethereum just proved it's got fight left in it, bouncing hard off that $4,200 support level. This wasn't just any ordinary bounce either – it came after the price swept through liquidity in that zone, showing that buyers are still willing to step up when it matters.
Trader @LennaertSnyder points out that $4,200 has become the main battleground between bulls and bears. The fact that ETH defended this level so cleanly gives it the juice needed to test higher resistance areas, though everyone's still being pretty careful about what comes next.
ETH Price Targets: $4,500, $4,650, and $4,800 in Focus
Here's where things get interesting. The next big test sits at $4,500 – this level is going to tell us everything we need to know about ETH's short-term direction. If the bulls can punch through and actually hold above $4,500, we're looking at potential runs to $4,650 and maybe even $4,800.
But here's the thing – $4,500 could also be a perfect spot for shorts if the price gets rejected after testing it. Smart traders are watching this zone like hawks because it's either going to confirm the bullish momentum or send ETH tumbling back down.
What if ETH Loses $4,200 Again?
If Ethereum slips back under $4,200, the bull case takes a serious hit. That would open up the downside to $4,100 first, and if that doesn't hold, we could see ETH testing those deeper support zones around $3,900-$3,700.
Sure, that would be frustrating for short-term bulls, but long-term holders might actually welcome another chance to stack more ETH at cheaper prices before the next big move up.
Usman Salis
