Overview
- ETH trades above $4,000 after a weekly high near $4,232, with the 4‑hour double‑bottom neckline around $4,100 now being retested.
- A confirmed push through resistance outlines upside toward roughly $4,400–$4,500, while failure keeps downside risk toward $4,050–$3,900 and potentially $3,700.
- CoinGlass shows a concentrated short‑liquidation cluster at $4,100–$4,200 that could fuel a squeeze if price breaks higher.
- Near‑term momentum has softened, with a weakening MACD and an RSI showing bearish divergence on lower time frames.
- A corporate treasury purchased 19,271 ETH to lift holdings above 859,000 as U.S. spot ETH ETFs recorded about $555 million in two‑week outflows, including $243.9 million in the latest week with redemptions from major funds.