Three ETH price charts suggest a move toward $4K may be brewing

💡 DMK Insight

ETH’s surge to $3,127.88 is more than just a number—it’s a signal of strong market sentiment. The recent rally, fueled by spot demand and strategic futures leverage, suggests traders are positioning for a breakout toward $4,000. This level isn’t just a psychological barrier; it’s a critical resistance point where profit-taking could occur. If ETH can maintain momentum above $3,100, it might attract more buyers, especially if we see increased volume on the daily charts. Watch for any pullbacks; a dip to around $3,000 could provide a solid entry point for those looking to ride the next wave up. But here’s the flip side: if ETH fails to hold above $3,100, we could see a quick reversal, potentially dragging it back toward $2,800. Keep an eye on the futures market for signs of over-leverage, as that could signal a correction. Overall, the market’s current bullish sentiment is promising, but caution is warranted as we approach key resistance levels.