#ETH Hits 4800 #ETH

Hey guys, there’s been some serious action on Ethereum lately. Those who have been following me for a while know that I always care about ETH not just for its price, but for the technology and adoption strength behind it. Especially with these recent moves, the cup and handle formation we saw on the daily chart had already given us this signal in advance. With the break of the $2866 level, the handle was completed and now we’re heading towards the formation target.

Right now, one of the most critical levels is $3526. We need a daily close above this zone to confirm the continuation of the upward move. If we get that close, my next target is $4109. Of course, the real question is whether ETH can reach $4800… My formation target is $4345, but we should never forget the surprises ETH has pulled off in the past. If a FOMO effect kicks in, we could see sharp attacks towards $4800. Especially with ETH ETF processes speeding up, developments in Layer 2 solutions, and Ethereum’s strengthening deflationary structure, these are factors that could seriously push the price up.

The reason I’m so optimistic about ETH is mainly because as Bitcoin dominance balances out, ETH has the potential to ignite altcoin rallies just like it did before. Meaning it doesn’t just rise alone, it leads the entire market. That’s why I always keep ETH as a solid position in my portfolio. My strategy is simple: as long as the main trend remains bullish, I never let go of ETH. Instead of taking profits in the short term, I prefer buying at strong supports and holding long-term – that’s been more profitable for me so far.

We also have to remember: Ethereum is no longer just a coin, it’s a whole ecosystem. Staking yields, DeFi projects, NFT infrastructure – all of it revolves around ETH. A coin that carries such a massive system will definitely lead the next bull run as well. Especially the strengthening ETH/BTC pair is the clearest sign of this.

Technically, in the short term, the critical level to watch is $3478. If we get a daily close below this level, we could see a pullback to the $2700-$2800 zone. On the 4H chart, $3741 is key for a retest. If it gets rejected here, we could retrace down to $3418. But all these short-term ups and downs don’t overshadow ETH’s strong stance in the main trend.

In conclusion, I don’t think reaching $4800 is impossible at all. We’ll take it step by step. $4109, then $4345, and after that $4800… As these targets get broken one by one, market psychology will strengthen further. For me, ETH isn’t just a coin – it’s one of the biggest players in the blockchain revolution in the long run. As I always say, “To not miss the train, you need to read the trend well.”

Wishing you all great profits, friends. Build your strategies strong, and focus on your main targets without getting lost in the noise of the market.