Ethereum is stuck below $ 4,060: fakeout or fresh leg up to $ 3600?

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Ethereum It is located at a crossroads after using a liquidity level of USD 3,800 and a reflection just to get stuck below the key region of 4,060 USD. With a rush hanging in the balance, traders ask if this break is simply a phony before recovering or starting a deeper movement towards the level of support worth $ 3600.

Fighting below USD 4060: key support that has not yet been recovered

Ted, a well -inclined cryptographic analyst, recently shared his own observations In the latest Ethereum campaign in a post about X. According to an expert, ETH successfully used a liquidity level of USD 3,800, which he expected. This level acted as a key zone in which the buyer entered, ensuring a very needed reflection for Ethereum after a miniature -term decline.

After this reflection, Ethereum managed to recover some land. However, Ted pointed out that the resource is still trying to regain the support region of 4,060 USD. This level has now become a key barrier to ETH, and its inability to keep it leaves the market in a hard situation.

The analyst explained that if Ethereum successfully transforms the level of 4 060 USD into support, the market may develop a fresh rally. This movement attracts the renovated stubborn rush, fueling optimism by a stronger pushing in the near future.

On the other hand, TED warned that the lack of recovery of this zone increases the risk of further decline. In this case, Ethereum saw its price fell towards the level of USD 3600, which is another critical support area.

Fakeout or Freefall? Ethereum Bulls stick to the last hope

According to Andrew Crypto in the latest update Published On the x technical perspectives on the cryptographic market, it is not painted by a stubborn image. Andrew emphasized that both BTC and ETH fell apart through key levels of support, which increases the likelihood of further decline in a miniature period. Such failures often suggest that buyers lose their strength, leaving space for sellers to dictate the direction of the market.

Recognizing that the current configuration may not be pleasant to traders, Andrew pointed out that this weakness can be a significant opportunity for long -term investors, offering attractive entry points before another enormous market cycle is formed.

However, he also left the place for cautious optimism. Andrew explained that the only possible stubborn scenario is that the current movement turns out to be false. In this case, there may be a sturdy reflection, rejecting market moods in favor of bulls.

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