Ethereum has maintained its bullish momentum, decisively breaking via key resistance zones and reclaiming the psychological $4K degree.
Whereas some cooling-off is probably going, the broader pattern nonetheless favors additional upside.
By Shayan
The Every day Chart
After sweeping liquidity beneath the $3.5K area, ETH attracted robust shopping for curiosity, igniting a pointy rally. The upward transfer propelled the value above the $4K threshold, a degree which is critical each psychologically and as a earlier swing excessive on the every day chart.
This breakout underscores sustained market demand, however with value now buying and selling firmly above $4K, a short-term pullback to retest this space stays a risk. Such a retracement might function a wholesome reset earlier than continuation towards the subsequent key resistance at $4.5K.
The 4-Hour Chart
Zooming in, ETH’s value has lower via a number of resistance ranges with robust bullish conviction, reflecting elevated shopping for momentum.
Nevertheless, the present place suggests the market could also be prepared for a corrective section to soak up recent demand earlier than resuming its climb.
The 0.5–0.618 Fibonacci retracement zone, aligned with Ethereum’s established multi-month uptrend, represents a possible assist space if a pullback unfolds. Holding this area would strengthen the case for one more leg increased, doubtlessly driving the value into uncharted territory towards a brand new all-time excessive.
By Shayan
The ETH Liquidation Heatmap suggests a comparatively clear path towards Ethereum’s all-time excessive, with no main liquidity clusters obstructing the advance.
Nevertheless, a big pocket of liquidity is positioned close to the $3.6K degree, probably reflecting the liquidation factors of lengthy positions collected through the latest rally. This space marks a dense focus of leveraged futures publicity, making it a gorgeous goal for market makers and enormous gamers looking for to set off liquidity occasions.
Given this setup, a retracement towards the $3.6K zone stays a believable state of affairs, doubtlessly flushing out these positions earlier than the market resumes its upward thrust. Merchants ought to monitor this degree carefully, as liquidity hunts in such areas usually lead to sharp, quick value actions and heightened volatility as soon as the zone is engaged.
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Cryptocurrency charts by TradingView.
