#ETH Hits 4800# #ETH#

ETH to $4800? Technicals Say: It’s Not Just Hype — It’s Setup

Ethereum ($ETH) is building an extremely bullish structure across multiple timeframes, and the technicals suggest a breakout beyond $4,000 could open the door toward $4,800 in the coming weeks.

Currently, ETH is trading well above all key EMAs (5, 10, 20), with EMA(10) around $3,537 and EMA(20) near $3,282—both acting as strong dynamic support. The MACD shows increasing bullish momentum, with no divergence, and the RSI hovering around 76 indicates strength, not weakness, as long as support holds.

The recent move touched the upper Bollinger Band and formed a temporary top near $3,732. Based on Fibonacci retracement from $2,374 to $4,078, the golden zone support lies between $3,225 and $3,430. I’m expecting a pullback into this zone to create a healthy base before the next leg up.

A bounce from $3,250 could initiate the next rally phase:

Initial resistance: $3,860

Breakout level: $4,078

Extension targets: $4,550 and $4,800

Volume spikes during recent upswings confirm buyer conviction. No major bearish candlestick patterns have emerged—on the contrary, if a bullish engulfing candle forms near $3,250, it will mark a textbook swing entry point.

My ETH Strategy:
Accumulating on dips between $3,250–$3,400, with stop-loss under $3,150. First target at $3,860, second at $4,078, and holding for an extension toward $4,800 if momentum remains intact.

Ethereum is not just following the market—it’s leading it. With the right structure, bullish momentum, and on-chain confidence, $4,800 is a realistic technical target, not just a prediction.