Ethereum Defies Gravity at Key Support – $4K Breakout Imminent?

Ethereum's bulls dig in as price action bounces hard off critical support. The stage is set for a potential 25% surge toward $4,000—if whales don't get trigger-happy with profit-taking first.

Technical Outlook: The 200-day moving average held like a champ during last week's sell-off. Now ETH's forming a textbook bullish pennant on the 4-hour chart. Volume patterns suggest accumulation.

Market Sentiment: Traders are pricing in 80% odds of hitting $4K by September. Of course, these are the same geniuses who thought 'stablecoins' couldn't possibly depeg. Watch the funding rates—anything above 0.01% daily screams overleveraged longs.

Make-or-Break Levels: A daily close below $3,200 invalidates the setup. Above $3,600? Cue the 'ETH to moon' tweets from crypto influencers suddenly remembering their price targets.

Bottom Line: This isn't financial advice—just observing that Ethereum's network effects keep printing money for early stakers while retail chases the next shiny meme coin.