$Ethereum (ETH) Update – Strong Recovery After Sharp Drop!

[Arman Shaban]

By analyzing the #Ethereum (ETH) chart on the weekly timeframe, we can see that after the recent market dump, ETH sharply dropped to around $3,400, perfectly retesting a major demand zone before bouncing back above $4,100.
This recovery confirms strong buying pressure and shows that bulls are still defending the broader bullish structure.

As long as ETH continues to hold above the $3,900–$4,000 support zone, the main outlook remains fully valid. The next upside targets are $4,950, $5,500, and $6,000 — with momentum likely to accelerate once price stabilizes above $4,200.

This move reflects a classic liquidity sweep followed by demand absorption — a healthy correction phase that could fuel Ethereum’s next leg toward new highs.

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