Ethereum shows a bullish structure after holding above the key demand area near the $3,972 level. The price is currently consolidating within a tight range, indicating accumulation before a potential continuation upward.
The size file indicates strong interest from buyers, where the area of value is concentrated. The Ichimoku cloud is turning into support, reflecting early signs of upward momentum.
If the price remains above the highlighted demand zone, Ethereum may advance towards the next liquidity areas identified as target point 1 ($4,108) and target point 2 ($4,291).
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