VT 
Ethereum (ETH/USD) opens the week consolidating near $4,300, with markets watching for a decisive move above the $4,340 to $4,385 resistance zone. The setup comes in the face of shifting macro conditions and evolving crypto market dynamics, including renewed speculation around Federal Reserve rate cuts and a potential rotation into altcoins as Bitcoin dominance shows signs of faltering.
Rate cut bets and altcoin rotation
Stronger-than-expected U.S. GDP revision and falling jobless claims last week have complicated the policy outlook of the U.S. Federal Reseerve. While some officials urge caution, others hint at a pivot toward employment-focused easing. This ambiguity has kept rate cut speculation alive, supporting risk assets including crypto.
Meanwhile, Bitcoin dominance has stalled long enough, prompting traders to explore altcoin opportunities. Historically, such pauses in BTC leadership have preceded “altcoin seasons,” where assets like Ethereum outperform. The technical setup of Ethereum suggests it may be ready to lead that charge.
Technical analysis: Ethereum tests key resistance zone
ETH is currently consolidating near $4,300, testing resistance around $4,340 to $4,385. A sustained breakout above $4,385 would confirm bullish momentum and open the path toward $4,420 and $4,500, with $4,800+ possible under strong flow. Conversely, failure to hold above $4,250 could trigger a pullback toward $4,160 or even $4,000.
- Resistance: $4,385, $4,420, $4,500, $4,800
- Support: $4,250, $4,220, $4,160, $4,000
- Bullish setup: Long entries on breakout above $4,385 or dips into $4,220 to $4,250 if support holds.
- Bearish setup: Short or hedge positions if price rejects resistance or breaks below $4,220.
- Range play: Trade within $4,220 to $4,385 until breakout confirms direction, using tight stops.
What you should look out for
With Ethereum opening near $4,300 to $4,330, early-week volatility will likely hinge on macro headlines and crypto sentiment. Traders should monitor Bitcoin dominance, Fed commentary, and volume confirmation to validate positioning. A clean breakout could mark the start of a broader altcoin rally.
Click here to open account and start trading.
