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ETHUSD prepares to resume a bullish trajectory after the consolidation phase. From a technical standpoint, price action has completed a descending triangle breakout, showing resilience above the $4,110 support zone. The daily candles reveal consistent rejections of lower levels, with bullish pressure building toward the overhead resistance at $4,870. This consolidation near recent highs reflects a healthy correction rather than a reversal, as the structure maintains higher lows. The breakout past the $4,340 short-term moving average further validates the bullish bias, suggesting a shift from indecision to renewed upward thrust. Market participants appear poised to drive Ethereum into a new bullish leg following this technical breakout.
Looking ahead, ETHUSD is well-positioned to target higher resistances in the near term. A decisive push above $4,870 could accelerate bullish momentum, opening the door toward $5,500 as the next significant price level. Sustained buying pressure may ultimately propel Ethereum further toward $6,000 if sentiment remains favorable. On the downside, strong support remains at $4,110, and a more critical base at $3,530 should cushion against unexpected retracements. With momentum and structure aligned, the broader outlook points toward a bullish resumption, and Ethereum appears on track to reclaim higher ground in the weeks ahead.
ETH Key Levels
Supply Levels: $4870, $5500, $6000
Demand Levels: $4110,$3530, $2860
What are the indicators saying?
The ETHUSD market is demonstrating renewed bullish potential after a period of consolidation, as indicators are aligning in favor of an upward move. The daily chart reveals that price has been respecting the 9-day Simple Moving Average, which is currently positioned near $4,340 and acting as dynamic support. The Stochastic Oscillator is turning upward from mid-levels, signaling strengthening buying momentum. Collectively, these signals underscore a market environment primed for a bullish continuation, particularly as traders regain confidence in Ethereum’s capacity to sustain higher valuations.
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