๐ท Ethereum (ETH) Approaches Resistance: Can the Bulls Push Through?
Ethereum (ETH) continues its upward journey, now priced at $3,613.72 with a modest +0.55% gain on the day. The 1-day chart shows bullish structure holding firm, with moderate volume (5.87K) supporting the trend.
๐บ Key Resistance Zones
$4,405.31 โ $4,978.10: This zone remains a major barrier. A breakout here could set ETH on a path toward reclaiming 2021-style highs. Expect increased volatility near this level.
๐ป Support Levels to Watch
Immediate Support: Near $3,544.64, acting as the first line of defense.
Major Support Zone: Between $2,649.64 โ $2,145.81, a long-term demand area where bulls have historically reloaded.
๐ Trend Overview
ETH is showing a steady climb, and holding above the immediate support signals strength. However, the volume remains moderate โ meaning momentum is cautiously bullish.
๐ If momentum builds, ETH could test the $4.4Kโ$5K resistance area.
โ ๏ธ If weakness emerges, it may revisit the $3.5K or even $2.6K range for a healthier correction.
๐ฏ What Traders Should Monitor
โ Break above $4,405 = strong bullish continuation.
โ Holding above $3,544 = bullish structure remains intact.
โ Drop below $2,649 may shift medium-term sentiment.
๐ก Ethereum remains a cornerstone of the Web3 ecosystem, and this price action reflects growing confidence โ but the key breakout test still lies ahead.
๐ This analysis is for informational purposes only. Always DYOR.