Overview
- ETH failed to hold above $4,000 after a rejection near $4,050, slipping below the 100‑hour SMA and breaking an hourly uptrend around $3,960, with the MACD bearish and RSI under 50.
- Near-term roadmap highlights resistance at about $3,980, $4,050 and $4,080, while supports cluster at $3,860–$3,840, with risk toward $3,820 and $3,680 on a clean break lower.
- Analyst Javon Marks points to bullish divergence and a path back to the $4,700 area, with a breakout above roughly $4,811 seen as opening an $8,000 scenario, which remains contingent on resistance clearance.
- John Bollinger notes a potential 'W' bottom, and separate analyses cite a completed bullish flag and an inverted head‑and‑shoulders that set next hurdles near $4,285–$4,300 if the $3,900 area holds.
- VanEck has filed for a staked Ethereum ETF that would integrate Lido’s liquid staking, introducing a possible institutional catalyst pending regulatory review.