ETH Repeats the Pattern – $4800 Next Target?

[m_c_jacob]

In my previous ETH analysis, I pointed out that while the price broke below the $4100 technical support and the $4000 psychological level, this move could represent a false break. But for this scenario to be valid, the market needed confirmation.

Since then, ETH has stabilized above $4000 and is now hovering around the $4100 level again.

Looking back at the April rally (from $1400 upwards), we can already identify two similar cases of temporary breakdowns followed by strong recoveries.
• Each time, the market shook out weak hands before resuming the bullish leg.
• This repetition builds the case for another potential rebound, even if no outcome is ever guaranteed.

Trading Outlook:
• Bullish scenario: I expect ETH to rebound towards the $4400 zone, with the possibility of a retest of the $4800 resistance.
• Invalidation: A daily close back under $4000 would cancel this bullish setup and reopen the downside risk.
• Confirmation: A strong daily close near the highs of the day will add conviction to the bullish continuation.

For now, the structure remains intact, and the bias stays bullish. The key levels to watch are $4000–4100 supports and $4400–4800 for resistance.