Ethereum is showing strong bullish momentum after breaking out of its recent downtrend. On the 3-hour chart (Binance), ETH has established a clear uptrend line, supported by higher lows and increasing buying pressure.
Support and Resistance Levels
Support: Around $4,271 – this is a strong zone where buyers previously defended the price.
Uptrend Support: Currently aligned near $4,522, acting as a dynamic trendline that keeps the bullish structure intact.
Resistance: Major resistance sits around $4,957 – a key level ETH needs to clear to push toward $5,100.
Fibonacci Zones
Price retraced back to the 0.618 Fibonacci level, a strong area where bullish continuation often resumes.
The recent rally brought ETH up by ~6.2% (≈ $279), showing that momentum is building again after consolidation.
Short-Term Outlook
As long as ETH holds above the uptrend line and $4,500 support, bulls remain in control. A breakout above $4,957 resistance could trigger the next wave toward $5,100 and beyond. However, a breakdown below $4,500 would weaken the momentum, possibly dragging ETH back toward the $4,270 support zone.
Bullish Scenario: Holding above $4,500 and breaking $4,957 could open the path to $5,100+.
Bearish Scenario: Failure to hold the uptrend could bring ETH back to $4,270.
