Ethereum ($ETH) is back in the spotlight as bearish analysts warn of an incoming crash. Some market voices are even urging traders to sell their ETH positions before a supposed downturn. The concern is based on interpretations of a potential Head and Shoulders pattern forming on the daily chart. But a closer look at the data tells a very different story — one that leans more bullish than bearish.
ETH Coin Key Levels to Watch
Immediate Support: $4,356 – now turned into a support zone after the breakout.Major Support: $4,208 and $3,838 – both levels align with moving averages and previous consolidation zones.Upside Target: $5,000 – the next psychological milestone, and a level $Ethereum could test in the coming weeks if momentum continues.
ETH/USD 1-day chart - TradingView
Short-Term Outlook: Rally Instead of Crash
Instead of a collapse, Ethereum’s structure suggests a bullish continuation. As long as $ETH stays above $4,356, buyers are in control. A push toward $5,000 looks more likely than a breakdown. Only a decisive drop below $3,800 would revive the bearish scenario — and current momentum makes that outcome increasingly unlikely.
Ethereum Price Prediction: Will Ethereum Price Crash?
While some analysts are calling for a major Ethereum crash and advising traders to dump their coins, the chart tells a very different story. With ETH breaking resistance, reclaiming moving averages, and showing positive RSI momentum, the bearish Head and Shoulders setup is effectively invalidated. Instead of a collapse, Ethereum appears to be building momentum for a new rally — with $5,000 firmly in sight.
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