Ethereum Tests Key Support at $4,150 Amid Falling Channel Formation
Ethereum is consolidating around $4,190, just above the key support level of $4,150. Key points include:
- Current price is testing $4,150 support after a recent rally.
- ETH is in a falling channel, indicating short-term corrective pressure.
- A bounce back could target $4,788 resistance or all-time high zone.
- If $4,150 support fails, deeper retracement may occur, with next support at $3,900.
- Breakout above the falling channel would signal bullish momentum.
- Critical levels to watch: Support at $4,150 and $3,900; Resistance at $4,788.
Momentum remains crucial for Ethereum's next move, with potential upside if key resistance levels are surpassed.
