Ethereum Price Analysis for Dec 29: The Critical Support Level Holding the Key to a $4,200 Surge

Ethereum bulls are eyeing a major breakout—but one crucial price floor must hold firm.

The Support Zone That Changes Everything

All eyes are on a specific technical support level. If it holds, the path toward $4,200 clears. If it cracks, the bullish narrative faces a significant setback. This isn't just another minor pullback; it's the line in the sand for the next major move.

Momentum Builds for a Run

Market structure suggests accumulating pressure. The setup hints at a coiled spring, with the $4,200 target acting as a powerful magnet for price action. Traders are watching for a decisive close above recent resistance to confirm the upward trajectory.

The Fine Print on the Rally

Remember, in crypto, every 'imminent breakout' comes with the standard disclaimer: past performance is no guarantee of future results—especially when a single whale's sell order can rewrite the script. The run to $4,200 is there for the taking, but only if Ethereum proves its mettle at this key juncture. No support, no party.

Ethereum shows bullish momentum, potentially leading to a run if the key support level holds. ethereum (ETH) is seeing strong upward momentum, with its price hitting $3,016 amid a notable 2.7% increase in the last 24 hours.

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