As of Sunday, October 26, Ethereum (ETH) is trading around $4,070, having moved within a tight intraday range between $3,926 and $4,081.90. Daily volume sits near $16.27 billion, while market capitalization stands at approximately $489 billion. ETH is now testing upper resistance with renewed momentum—but mixed technical indicators show that the next breakout won’t come easily.
Daily Chart: Buyers Regain Control
The 1D chart paints a story of gradual recovery following ETH’s drop from $4,759.9 to $3,379.5. A sequence of higher lows suggests that buyers are slowly reclaiming control.
The current cluster of green candles is pressing against the $4,100–$4,200 resistance zone, which Ethereum has struggled to breach convincingly in recent months. Rising trading volume during this push indicates genuine buying pressure rather than a short-lived pump.
If ETH can hold above the $4,000 threshold, it could mark the start of a mid-term uptrend—a turning point from consolidation to bullish expansion.
4-Hour Chart: A Classic Reversal Formation
Zooming into the 4H timeframe, Ethereum’s rebound from $3,708 has developed into a textbook rounded-bottom formation, a traditional reversal pattern signaling renewed buyer confidence.
The breakout above $3,950 was accompanied by high volume, a sign of strong market commitment. The structure of higher lows and bullish candles aligns with a growing upward bias, with short-term resistance now sitting between $4,100 and $4,200.
Traders should, however, monitor the $3,875 support zone—a critical level to validate the bullish setup. Failure to defend this line could invalidate the breakout narrative.
1-Hour Chart: Intraday Momentum Builds
On the 1H chart, ETH continues to grind higher, reaching an intraday top of $4,081.9 fueled by early-session enthusiasm. The structure remains clean: smaller bullish candles stacking into stronger green breakouts, supported by spikes in volume.
Still, short-term pullbacks are possible. A dip toward $4,000–$4,025 could serve as an attractive re-entry zone for traders looking to ride the next leg up. With tight risk control below $3,985, the $4,090–$4,100 range remains a tactical area for active market participants.
Technical Indicators: Neutral, Yet Leaning Positive
Momentum oscillators present a cautiously optimistic picture.
RSI: 49.5 — balanced, leaving room for upward continuation.
Stochastic Oscillator: 50.2 — echoing a neutral stance with mild upside bias.
CCI: –4.9 — near-zero reading, neither overbought nor oversold.
ADX: 21.1 — trend strength still weak, suggesting more time is needed for conviction.
Awesome Oscillator: –210.8 — short-term softness fading.
Momentum: 161.6 — reflects growing bullish intent.
MACD: –91.5 — still negative, but narrowing, hinting at an upcoming bullish crossover.
Moving Averages: Short-Term Bullish, Long-Term Uncertain
Short-term averages paint a positive picture, but higher-period signals remain mixed:
EMA10 ($3,961.7) and SMA10 ($3,917.3) support the bullish case.
EMA20 and SMA20 maintain upward slopes.
However, SMA30 ($4,136.4) and EMA50 ($4,124.2) both tilt downward, showing that long-term resistance remains intact.
This divergence underscores Ethereum’s current dilemma—strong near-term enthusiasm clashing with long-term overhead resistance.
Market Outlook
Bullish Scenario:
If Ethereum sustains momentum above $4,000 and decisively breaks through $4,100–$4,200 with high volume, it could trigger a sustained mid-term rally. With short-term indicators aligning and renewed investor appetite, ETH might be gearing up for a genuine breakout rather than another fading rally.
Bearish Scenario:
Despite the recent recovery, ETH remains capped below a heavy resistance ceiling. If volume weakens and prices fail to close above $4,100, the current move could fade into another lower high within a broader consolidation range.
Bottom Line
Ethereum’s chart structure is improving—but conviction will only come with a clear breakout above $4,100. For now, the multi-timeframe setup tilts bullish, yet traders should respect the resistance that has halted ETH’s rallies before.
Momentum is building, but the market still demands proof.
#Binance #wendy #eth $ETH