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ETHUSD maintains an upward trajectory with renewed bullish positioning. The price has been consolidating after a strong rally that tested resistance near $4,800, with buyers showing willingness to defend key retracement zones. The market recently filled a Fair Value Gap around $3,900 before rebounding, signaling efficient price delivery and renewed demand pressure. This retracement and subsequent reaction highlight that buyers remain in control, gradually absorbing supply and positioning for another breakout. The ability to sustain higher lows while maintaining upward momentum above $4,100 underscores an active accumulation phase that strengthens the bullish narrative.
Looking forward, ETHUSD is poised to retest resistance at $4,870, a breakout level that, if cleared, could open the path towards $5,500 in the coming weeks. Short-term corrective pullbacks toward $4,200 or $4,110 should be considered healthy consolidations rather than bearish reversals, given the strength of the broader uptrend. Should momentum accelerate with increased market participation, the $6,000 psychological level becomes a medium-term target. Overall, the alignment of trend indicators, Fibonacci confluence, and institutional demand zones suggests ETHUSD remains strategically positioned for further upside, favoring buyers over sellers in the near-to-medium horizon.
ETH Key Levels
Supply Levels: $4870, $5500, $6000
Demand Levels: $4110,$3530, $3160
What are the indicators saying?
ETHUSD continues to exhibit a bullish structure on the daily timeframe, supported by consistent price action above the 9-period Simple Moving Average, which is currently around $4,350. The upward trend has been reinforced by the recent bounce from the $4,110 support zone, a level that coincides with Fibonacci retracement levels, indicating institutional interest in maintaining momentum. Meanwhile, the Stochastic Oscillator is gradually recovering from oversold territory, suggesting that bullish strength is regaining traction and could push prices higher in the short term. Overall, the technical outlook remains favorable as long as ETHUSD sustains above the $4,000–$4,100 support band.
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