Ethereum (ETHUSD) Prepares For Continued Bullish Momentum Amid Consolidation Phase

ETHUSD prepares for continued bullish momentum amid the consolidation phase. From a technical standpoint, ETHUSD is currently shaping a healthy consolidation pattern following its strong appreciation in August. The market has established a firm support level near $4,100, with intraday liquidity tests briefly dipping toward $4,060 before finding buyers. Price rejection from this support zone indicates strong demand absorption, while resistance remains capped at $4,870. The structured pullback is consistent with a sustainable uptrend, as the market allows for accumulation before any significant breakout. This consolidation provides a platform for bulls to regain momentum and prepare for higher levels once the range resolves to the upside.

Looking forward, the base case scenario projects ETHUSD resuming its upward advance toward $4,870 in the short term, followed by an extension toward $5,500 as momentum strengthens. Should this bullish continuation unfold, a longer-term objective around $6,000 becomes attainable, contingent on sustained demand and broader market alignment. Market participants are likely to view pullbacks toward $4,100 as strategic entry points, with risk defined below $4,060. Overall, the structure remain positive of a bullish trajectory, where consolidation serves as a launchpad for the next significant leg higher in Ethereum’s valuation.

ETH Key Levels

Supply Levels: $4870, $5500, $6000
Demand Levels: $4110,$3530, $2860

What are the indicators saying?

Ethereum has maintained a constructive trajectory, aligning with broader market sentiment and technical indicators. The daily structure continues to show resilience, with price consolidating above the $4,100 support region while holding near the short-term moving average around $4,350. The Stochastic Oscillator currently hovers in the oversold region, suggesting that downside momentum is limited and that the market is primed for a renewed upward impulse. This confluence of technical conditions points to underlying strength in the asset, even as short-term price action demonstrates signs of indecision.

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