Current Situation

Ethereum shows signs of strength since its rebound at $4,240. The ETH is currently in a consolidation phase and could start to rise if it manages to break the $4,400 barrier.

Key Points to Remember

  • ✅ ETH is actively looking to break the $4,400 mark

  • ✅ The price remains above $4,320 and the 100-hour SMA

  • ✅ Confirmed breakout of a downtrend at $4,330 on the hourly chart

Analysis of the Bullish Movement

The Ongoing Rebound

Ethereum has initiated a strong recovery wave after establishing solid support above $4,220 (following Bitcoin's momentum). The ETH has successfully broken through resistance levels at $4,320 and $4,350.

Important technical point : the ETH/USD pair has broken a bearish trend line that was resistance around 4,330$ on the hourly chart. After reaching 4,400, we are now observing consolidation around 4,300, right at the 50% Fibonacci retracement level (calculated from the peak at 4,450$ to the trough at 4,300$).

Resistance Levels to Monitor

  • 4,375$ : First short-term resistance

  • 4,415$ : Key zone (Fibo retracement 76.4%)

  • 4,450$ : Major resistance

  • 4,550$ : If this level breaks, we are in for a big move

  • 4,650$ - 4,800$ : Medium-term targets in case of breakout

Bearish Scenario : Supports to Know

If ETH fails to break 4,415$, here are the critical support levels:

  • 4,335$ : First safety net

  • 4,280$ : Important support to watch

  • 4,240$ : Danger zone if broken

  • 4,220$ : Major support

  • 4,160$ : Last line of defense before deeper correction

The Indicators Speak

📊 Hourly MACD : Loss of momentum in negative territory (attention required)

📈 Hourly RSI : Above 50 (rather positive trend)

Critical Levels

  • Main Support : 4,335$

  • Main Resistance : 4,415$


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