ETHUSDTThis chart illustrates Ethereum’s price action on the daily timeframe, showcasing a clear structural outlook based on historical price behavior and major resistance zones.
Ascending Trendline Support: ETH is currently respecting a long-term ascending trendline (white and blue lines), which has acted as dynamic support since mid-2022. Despite temporary breakdowns, price has re-entered this channel, suggesting bullish momentum is attempting a recovery.
Key Resistance Zones:
$4,000 – $4,800: This is the nearest major resistance area, highlighted by past cycle tops. ETH must decisively break above this zone to confirm a macro bullish continuation.
$6,800 – $7,600: A significant mid-cycle resistance from historical price action, likely to serve as the next major target upon breakout.
$9,200 – $10,000: The final upper target zone on this chart, representing psychological and technical resistance if ETH enters a strong bull market phase.
Current Price: As of today, ETH is trading around $2,580 with a +1.09% daily gain, suggesting a potential continuation towards the first resistance zone.
This analysis suggests that Ethereum is attempting a macro reversal, and reclaiming the ascending channel strengthens the bullish case. However, multiple resistance levels remain overhead, which will require strong volume and market sentiment to overcome.
