$Eth Breaks Key Resistance! Is $4100 Coming Next?

Ethereum has officially broken above its previous resistance at $2900 and is now aiming for the critical $3000 psychological level. Here's a step-by-step breakdown of what to expect next, including MACD, RSI signals, and CPI data impact.

🔹 Step 1: Breakout Confirmation
Ethereum has successfully broken above the $2900 resistance level — this area is now acting as immediate support.

🔹 Step 2: Next Short-Term Target – $3000
ETH is expected to hit the round number resistance at $3000, which is the next major level to watch. This is the first price target.

🔹 Step 3: MACD & Stochastic RSI Support Bullish Move
MACD is crossing to the bullish side, showing increasing momentum.
Stochastic RSI is also favoring bullish continuation — indicating a likely move to $3000 and beyond.

🔹 Step 4: Possible Rejection Zones
If ETH faces rejection near $3000 or $3500, especially if Bitcoin shows weakness or stalls, expect a pullback.

🔹 Step 5: Target 2 – $4100 if Breakout Continues
If ETH convincingly breaks above $3000 and sustains momentum, $4100 becomes the next major target. This level aligns with the previous high and potential macro continuation.

🔹 Step 6: Watch CPI Data Impact
A positive CPI reading will strengthen bullish sentiment and help ETH push toward $4100.
A negative CPI surprise might trigger a reversal — but even in that case, a short-term hit of $3000 remains likely.

Key Levels to Watch:

Support: $2900, $2800

Resistance: $3000 (Target 1), $3500 (Interim), $4100 (Target 2)

Ethereum's price structure looks bullish above $2900, supported by technical indicators and macro optimism. The $3000 level is within reach, and if momentum continues, $4100 is the next upside target. Keep an eye on BTC behavior and CPI release for confirmation or reversal signals.