Ethereum Faces Resistance Despite Building Bullish Momentum
Ethereum (ETH) has been regaining momentum on the daily chart, moving from the $3,850 region to above $4,200 as bullish sentiment starts to re-emerge. The short-term outlook is improving, with the 9-day exponential moving average (EMA) curving upward and the 20-day EMA flattening — a technical alignment that often signals a potential continuation of an uptrend.
Momentum indicators back this up. The MACD histogram has transitioned into positive territory, suggesting that buying pressure is starting to outpace selling volume. Meanwhile, RSI readings climbing into the mid-50s show that ETH’s recovery is strengthening without yet approaching overbought conditions — a balance that allows more room for upside movement before a correction becomes likely.
Ethereum’s near-term challenge lies around the $4,450–$4,700 resistance range. Clearing these levels could open the door to further gains toward higher highs, while support around $4,075 and $3,874 remains crucial for maintaining the bullish structure.
Order book data reveals strong buy-side liquidity between $4,195 and $4,203, reinforcing a base of demand, while concentrated sell orders near $4,227 to $4,230 may briefly cap upward moves. Breaking through these ask walls could allow ETH to rally approximately 0.4%, potentially retesting major resistance.
For traders, dips toward $4,075–$4,100 may offer attractive entry zones if volume confirms support, while short positions could find opportunities at resistance zones like $4,230 or $4,450. Overall, Ethereum’s technical landscape remains cautiously bullish, supported by improving momentum but constrained by nearby resistance levels.
