The post $4,300 Breakout or $1,400 Breakdown? appeared on BitcoinEthereumNews.com. Home » Crypto Bits Ethereum holds above key support near $2,940. Analysts sayThe post $4,300 Breakout or $1,400 Breakdown? appeared on BitcoinEthereumNews.com. Home » Crypto Bits Ethereum holds above key support near $2,940. Analysts say

$4,300 Breakout or $1,400 Breakdown?

Home » Crypto Bits


Ethereum holds above key support near $2,940. Analysts say a breakout could lead to $4,300 if ETH stays above $2,630. But, there’s the downside play as well.

‘;
}

function loadTrinityPlayer(targetWrapper, theme,extras=””) {
cleanupPlayer(targetWrapper); // Always clean first ✅
targetWrapper.classList.add(‘played’);
// Create script
const scriptEl = document.createElement(“script”);
scriptEl.setAttribute(“fetchpriority”, “high”);
scriptEl.setAttribute(“charset”, “UTF-8”);

const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);
scriptURL.searchParams.set(“pageURL”, window.location.href);

scriptEl.src = scriptURL.toString();

// Insert player
const placeholder = targetWrapper.querySelector(“.add-before-this”);
placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);
}

function getTheme() {
return document.body.classList.contains(“dark”) ? “dark” : “light”;
}

// Initial Load for Desktop
if (window.innerWidth > 768) {

const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),’&autoplay=1′);
});
}
}

// Mobile Button Click
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),’&autoplay=1′);
});
}
function reInitButton(container,html){
container.innerHTML = ” + html;
}

// Theme switcher
const destroyButton = document.getElementById(“checkbox”);
if (destroyButton) {
destroyButton.addEventListener(“click”, () => {
setTimeout(() => {
const theme = getTheme();
if (window.innerWidth > 768) {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if(desktopWrapper.classList.contains(‘played’)){
loadTrinityPlayer(desktopWrapper, theme,’&autoplay=1′);
}else{
reInitButton(desktopWrapper,’Listen‘)
const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,’&autoplay=1’);
});
}
}
} else {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if(mobileWrapper.classList.contains(‘played’)){
loadTrinityPlayer(mobileWrapper, theme,’&autoplay=1′);
}else{
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,’&autoplay=1′);
});
}
}
}
}, 100);
});
}
})();



Summarize with AI



Summarize with AI

Ethereum (ETH) is trading near $2,900 after falling over 12% in the past week. Despite the pullback, the asset is holding above a key technical level. Traders are now watching to see if it can bounce from here and make a move toward $4,300.

ETH Holds Above Key Fibonacci Support

Crypto analyst StockTrader_Max shared that ETH is holding above its 0.618 Fibonacci retracement near $2,940.

Notably, the price area is seen as a potential turning point after a completed corrective move. The structure appears to follow a wave pattern where a corrective phase may have ended, and a new upward move could be forming.

Based on the 1.618 extension, a target near $4,300 is possible. This setup remains valid while ETH stays above $2,630. If it breaks that level, the outlook weakens. Below $1,390, the structure would be considered invalid.

Additionally, Don posted a chart showing ETH breaking out from a falling wedge on the 5-day chart. The pattern is known to show up before upward moves. While ETH lost some support on shorter timeframes like the daily and 3-day, longer timeframes are still holding up.

The 5-day and weekly moving averages are acting as a support base around $2,720. The target from this wedge pattern is around $4,400. Price action has slowed, but the setup has not broken down. “It’s just slow cooking for $ETH,” Don said, suggesting the move may take time to develop.

You may also like:

On the weekly chart, Man Of Bitcoin shared that the RSI has broken above a downward trendline. He explained that this type of break has, in past cycles, appeared before upward trends. ETH is now trading above some key support zones after a completed correction wave.

Mixed Signals as Large Buyers Accumulate

While some charts point to recovery, not all outlooks agree. Ali Martinez said,

Max Crypto also noted that ETH’s December return is now negative. If the month closes red, it would be the ninth red month this year — a pattern seen only once before, in 2018.

Still, large holders appear to be buying. BitMine Immersion Technologies added over 100,000 ETH, worth more than $300 million, in just one week. While small traders may be selling, larger buyers seem to be stepping in.

SPECIAL OFFER (Exclusive)

SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Source: https://cryptopotato.com/ethereum-at-a-critical-crossroads-4300-breakout-or-1400-breakdown/

Market Opportunity
4 Logo
4 Price(4)
$0.01838
$0.01838$0.01838
-15.64%
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts?

Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts?

The post Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts? appeared on BitcoinEthereumNews.com. In recent crypto news, Stephen Miran swore in as the latest Federal Reserve governor on September 16, 2025, slipping into the board’s last open spot right before the Federal Open Market Committee kicks off its two-day rate discussion. Traders are betting heavily on a 25-basis-point trim, which would bring the federal funds rate down to 4.00%-4.25%, based on CME FedWatch Tool figures from September 15, 2025. Miran, who’s been Trump’s top economic advisor and a supporter of his trade ideas, joins a seven-member board where just three governors come from Democratic picks, according to the Fed’s records updated that same day. Crypto News: Miran’s Background and Quick Path to Confirmation The Senate greenlit Miran on September 15, 2025, with a tight 48-47 vote, following his nomination on September 2, 2025, as per a recent crypto news update. His stint runs only until January 31, 2026, stepping in for Adriana D. Kugler, who stepped down in August 2025 for reasons not made public. Miran earned his economics Ph.D. from Harvard and worked at the Treasury back in Trump’s first go-around. Afterward, he moved to Hudson Bay Capital Management as an economist, then looped back to the White House in December 2024 to head the Council of Economic Advisers. There, he helped craft Trump’s “reciprocal tariffs” approach, aimed at fixing trade gaps with China and the EU. He wouldn’t quit his White House gig, which irked Senator Elizabeth Warren at the September 7, 2025, confirmation hearings. That limited time frame means Miran gets to cast a vote straight away at the FOMC session starting September 16, 2025. The full board now features Chair Jerome H. Powell (Trump pick, term ends 2026), Vice Chair Philip N. Jefferson (Biden, to 2036), and folks like Lisa D. Cook (Biden, to 2028) and Michael S. Barr…
Share
BitcoinEthereumNews2025/09/18 03:14
United Security Bancshares Declares Quarterly Cash Dividend

United Security Bancshares Declares Quarterly Cash Dividend

FRESNO, Calif.–(BUSINESS WIRE)–On December 16, 2025, the Board of Directors of United Security Bancshares (the “Company”) (NASDAQ: UBFO), the parent company of
Share
AI Journal2025/12/18 06:02
Voormalig CEO van Alameda en belangrijke pion in FTX-imperium viert de kerst níet in gevangenis

Voormalig CEO van Alameda en belangrijke pion in FTX-imperium viert de kerst níet in gevangenis

Caroline Ellison, voormalig CEO van Alameda Research, is deze week overgeplaatst uit een federale gevangenis in de Verenigde Staten. Daarmee lijkt een opvallend
Share
Coinstats2025/12/18 05:46