- Ethereum has held above $4K for over two months, flipping resistance into support and setting the stage for a bullish continuation.
- ETH bounced back after a fakeout to $3,800, this reinforced market confidence and the $4K zone as a launchpad.
- Technical patterns and rising liquidity hint at a potential move,with the $7,331 Fibonacci target now in sight.
Ethereum has gained 13.25% in the past week, Strong buying interest and solid technicals are keeping the momentum alive. ETH looks like it’s preparing for another strong move to higher levels.
Ethereum Flips Resistance Into Support
Ethereum looks ready to make its next big move. Since breaking past the tough $4,000 resistance back in August, it’s managed to hold above that level for over two months. What once held ETH back,a resistance around $4,058,is now acting as strong support, signaling a major shift in market structure.
As noted by analyst @thescalpingpro on X, Ethereum attempted to break this level three times during the current cycle but failed. On the fourth try, it finally succeeded, followed by a healthy consolidation phase—a typical bullish continuation pattern in strong uptrends.
ETH saw a brief shakeout when prices slipped to $3,800, sparking concern among traders. But the bulls wasted no time. Buyers stepped in fast, driving a sharp V-shaped bounce that reclaimed the $4K level—reigniting confidence and proving support is holding firm.
$7,331 Target in Sight as Bullish Structure Holds
Ethereum is trading near $4,548 as of this writing. Many technical analysts are eyeing a run to much higher levels. The next target from the analysis is $7,331, which aligns with the 1.618 Fibonacci extension from its previous cycle.Â
Ethereum has been on a steady upward path,from mid 2022 when it hit a low around $1,060. The growth pattern is marked by a series of higher lows and a rising trendline. This long-term bullish setup has recently broken out above $4,000 convincingly.
The price action now looks like classic bull market behavior above resistance, holding above it,could gear up and push even higher.
Strong Macro Tailwinds Could Accelerate the Move
Alongside Ethereum’s solid technical setup, bigger economic forces are also stepping in. After trailing the broader market for some time, ETH now seems to be catching up. Rising global liquidity—often tracked through the M2 money supply—tends to drive interest toward riskier assets like crypto.
That shift is starting to show with ETH holding key support, and momentum building, and macro conditions turning more favorable, everything is lining up for a potential breakout. If these trends stay on course, Ethereum could explode.
