ETH Bulls Defending $4000. Can They Spark the Next Rally?

After breaking out from a major resistance, ETHUSDT delivered a clean and healthy retest, just as expected. The bounce from that level showed strong buyer confidence, confirming that bulls are still in control.

Currently, Ethereum is holding a crucial support zone around the $4000 range. This level will play a key role in determining the next big move. If ETH manages to sustain and bounce from here, we could see the price rallying towards the $7000–$8000 zone in the coming weeks.

However, traders should stay cautious, a drop below $3500 could signal further downside and a deeper correction. As always, risk management is key in every setup.

Watch the $4000 zone closely, the next ETHUSD wave could be massive!

Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts