ETH Repeats the Pattern – $4800 Next Target?

In my previous ETH analysis, I pointed out that while the price broke below the $4100 technical support and the $4000 psychological level, this move could represent a false break. But for this scenario to be valid, the market needed confirmation.

Since then, ETH has stabilized above $4000 and is now hovering around the $4100 level again.

📌 Looking back at the April rally (from $1400 upwards), we can already identify two similar cases of temporary breakdowns followed by strong recoveries.
• Each time, the market shook out weak hands before resuming the bullish leg.
• This repetition builds the case for another potential rebound, even if no outcome is ever guaranteed.

⚡ Trading Outlook:
• Bullish scenario: I expect ETH to rebound towards the $4400 zone, with the possibility of a retest of the $4800 resistance.
• Invalidation: A daily close back under $4000 would cancel this bullish setup and reopen the downside risk.
• Confirmation: A strong daily close near the highs of the day will add conviction to the bullish continuation.

👉 For now, the structure remains intact, and the bias stays bullish. The key levels to watch are $4000–4100 supports and $4400–4800 for resistance. 🚀