While Bitcoin dominates the spotlight, Ethereum (ETH) is quietly gearing up for a significant move. Technical analysts pinpoint seven key levels, encompassing supports and resistances, that could determine the market's direction in the coming days. A clear breakout above these levels could trigger a new bullish cycle... or a sharp correction ahead.
The daily chart presents a neutral configuration with a slight bullish inclination. Ethereum closes at $4,114.53, slightly above the EMA20 at $4,050.13 but just below the EMA50 at $4,125.80. This median position keeps the range-bound risk active. The RSI at 51.35 confirms this hesitation, positioning the momentum just above the neutral threshold of 50 without signaling strong conviction.
The MACD histogram remains positive at 32.77. This shows gradual momentum improvement, even though the main lines are still evolving in negative territory. This divergence suggests the beginning of a recovery that needs confirmation. The Bollinger Band offers significant maneuvering room, with the price moving between the average at $3,992.13 and the upper band at $4,311.63.
The daily ATR at $188.29 reveals substantial daily volatility. This data remains crucial for properly sizing positions and placing stops consistent with the actual market amplitudes. On the H1 timeframe, the structure deteriorates slightly with the price below the EMA20 and RSI at 47.37, marginally favoring sellers in the short term. The M15 is attempting a technical rebound but remains stuck below the EMA50, limiting the scope of this movement.
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The first level to watch remains the daily EMA20 at $4,050.13, acting as immediate support. As long as Ethereum maintains this threshold, the short-term bullish structure remains intact. Losing this level would open the door to a correction toward the S1 pivot point at $4,073.03, then potentially toward the Bollinger average at $3,992.13.
To the upside, the daily EMA50 at $4,125.80 constitutes the first significant resistance. A clear recapture of this level would change the technical picture and invite buyers to target R1 at $4,149.58. The latter represents the true breakout trigger capable of opening the path toward the upper Bollinger Band at $4,311.63, a potential overheating zone.
The daily pivot point at $4,108.08 serves as the center of gravity for intraday oscillations. Repeated rejections around this level confirm the current market indecision. Finally, the daily EMA200 at $3,614.59 remains the absolute red line, a trend support not to be breached under penalty of questioning the overall bullish structure.
JPMorgan’s recent announcement authorizing Bitcoin and Ether as collateral marks a notable evolution in institutional adoption. This decision could strengthen confidence among traditional players toward Ethereum, although the impact on short-term price action remains limited. Market sentiment remains neutral with a Fear and Greed index at 50, while Bitcoin dominance at 57.63% tends to limit altcoin movements.
Ethereum’s DeFi ecosystem shows contrasted but encouraging activity. Uniswap V3 records a 46.09% increase in fees over 24 hours, while Uniswap V4 jumps 91.89%. Curve DEX impresses with a 281.51% increase over seven days. These variations demonstrate selective but dynamic participation on liquidity protocols, a sign of persistent interest despite the price consolidation phase.
The total crypto market capitalization stands around $3,949 billion, down slightly by 1.14% over 24 hours. This relative stabilization favors range trading strategies and cautious approaches based on confirmation of technical levels rather than anticipation of strong directional movements.
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