The analyst highlights that if ETH successfully holds this key re-test level, it will open the door for a continued move higher. Meanwhile, the next potential resistance area, indicated on the analyst’s chart, is situated at the $4,887 price level.
However, Crypto Candy also warned of a critical risk. If Ethereum fails to defend this support and closes below $3,800, the entire outlook could shift dramatically. Such a move would invalidate the bullish structure and potentially invite strong selling pressure, opening the door for a deeper correction. Thus, the coming sessions remain crucial as ETH battles to keep its footing above this vital support zone.
