Ethereum started the week with a strong push from the support level, breaking through the short seller by surprise, sparking a new round of bullish momentum.
Recent breakouts show signs of strength, but significant resistance levels are still ahead.
Technical Analysis
By Edris Dalakshi
Daily Charts
The ETH’s daily structure remains bearish overall, with prices still well below the 200-day moving average around the $2,800 mark. However, buyers have stepped in key support zones ranging from $1,550 to $1,600, leading to clean rebounds towards the $1,800 level.
This represents a short-term break in the bearish sequence, and if the buyer holds this momentum, the next hurdle will be around $1,950-$2,000. Potential breakouts above this level indicate whether this recovery is severe or not.
4-hour chart
On the 4H chart, ETH broke out from a distinct rising triangle pattern, confirming a bullish breakout of over $1,700. This structure has been in formation for the past few weeks, and breakouts have emerged on strong bullish candles, bringing confidence in the movement.
The assets were quickly expanded to $1,800 after clearing the higher boundary of the pattern. Currently, the immediate resistance zone is between $1,800 and $1,950, with past failures. If your ETH is above $1,700, DIP can act as a retest and offer a long opportunity, but if you can’t maintain it beyond this level, you could potentially lock in slow lengths.
Emotional analysis
By Edris Dalakshi
Taker Buy and Sale Rate
Coinbase Premium Gap has reversed positive for the first time in weeks, indicating new purchase rights from US-based agencies. This shift is a subtle and encouragement signal that demand for spots is coming back. Additionally, the smaller red bar patterns and the latest green bar spikes on the charts show a drop in sales pressure that matches the price rebound.
If this trend continues, it could support higher prices in the short term. However, a sustained premium will be needed to examine institutional benefits and support even greater momentum.
