Ethereum Targets $4,100

🔷Ethereum’s price continues its steady upward movement, breaking its downward structure and rebounding from $3,450 to $3,918. The key $3,708 level, which previously served as support, is now the starting point for further growth, while short-term support has strengthened at $3,800. ETH is holding firmly above the EMA20/50/100 and the upper Bollinger Band, indicating a strong bullish momentum.
🔷In the derivatives market, both trading volume and open interest are rising, confirming an increase in long positions. RSI and MACD suggest the trend remains strong. A breakout above the $3,950–$3,960 zone could send Ethereum to test the key resistance at $4,100, potentially opening the way to higher targets.