ETHUSD bullish case would be this current support zone holds. We'd then go back and retest previous support (now resistance) zone around 2,100.
I think this is less likely given the current macro market situation but could always change as tariff negotiations go on. Would look at long positions with closes on the daily beginning around 1,920.
ETHUSD I'm bullish on ETH, and I'm basing this entirely on technicals—which I personally trust the most.
The market structure is clearly bullish. This became evident and was confirmed back in May–June 2022, when price tapped the $1400 zone. That move validated a new bullish range. Following that, price dipped twice into the extreme discount area of this range (around the $1200 level), which only added more confluence to the setup.
From there, we've seen a steady push toward the premium side of the range (above $3700), although ETH hasn’t printed a new all-time high. Instead, it’s tested the $4000 zone three solid times. To me, this is a major sign—this area is loaded with liquidity and serious market activity (mainly selling). That kind of behavior usually signals a key level that institutions care about.
Now, we’re seeing ETH flirting again with the discount area of an internal bullish range. I call it internal bullish because price broke and closed above the $3580 level, reinforcing the bullish context.
All of this makes ETH very appealing to me as a buy at current levels.
ETHUSD Technical Indicators • Bullish Indicators: Currently, there are no significant bullish signals for ETH. • Bearish Indicators: The RSI indicates an overbought condition, suggesting that a short-term correction may be imminent. This could lead to a price pullback before any further upward movement.
ETHUSD Eth died long ago when mining was scrap for stacking, then fees went way down through updates, over the past years, we are failing to make new highs, but we're making new lows. The enthusiasm is gone. There's not much money to be made anymore, so it's slowly bleeding out. I don't think it's ever going to come back to the glory that it was. might take a few years but this coin is on its last breaths