- The bullish divergence on the MACD of ETH is hidden and is an indicator of continuation and the price arrangement and higher lows are indicative of strong underlying market demand.
- The presence of institutions and whales activity intensifies, as the ETH purchase of BitMine, totaling 83.7M ETH, and the ETH wallets of 10K or more grow, and confidence in Ethereum gains.
- The closest resistance will be at the level of $4,900 which will precondition the breakout, which may accumulate in the level of $6,000 and the psychological range of the $8,000 and above.
Ethereum (ETH) is building momentum as a hidden bullish divergence emerges on the MACD, pointing toward $4,900 and setting the stage for further expansion.
Hidden Bullish Divergence Strengthens Ethereum’s Trend
Ethereum has been holding an ascending trendline since late August, producing higher lows even through periods of volatility. This structure shows that buyers are consistently defending key support levels, allowing momentum to remain constructive.
The hidden bullish divergence indicates strength of continuation, where price is trading higher and the oscillator is printing lower lows. This pattern tells us that demand is still solid, even if the indicators are appearing to weaken. The hidden bullish divergence is usually the preliminary stage to a stronger rally.
Analyst Javon Marks highlighted that Ethereum could advance toward $4,900. The breakout above the level would continue the rally to reach 6,000 and then possibly open up the way to the 8,000 and beyond range.
Institutional and Whale Activity Reinforce the Outlook
Market participants with deep liquidity are showing renewed confidence in Ethereum. Ted, a market observer, noted that BitMine made a purchase of approximately $83.7 million in ETH, underscoring institutional interest.
At the same time, Ethereum whale wallets are expanding at a pace not seen in years. According to Coin Bureau, wallets holding more than 10,000 ETH have increased to nearly 1,200, matching levels last observed during the 2021 rally.
This surge in accumulation from large holders provides an additional layer of support to the bullish technical structure. With whales and institutions steadily adding exposure, Ethereum’s trend gains further credibility beyond chart patterns alone.
Critical Levels Define Ethereum’s Next Move
The $4,900 level is still the first resistance zone to monitor, serving as a barrier for price to pause at previously. A strong move through this level would indicate a continuation and be a positive for bullish expectations.
If the momentum continues to speed past $4,900, Ethereum could have $6,000 as the next liquidity zone. From there, the psychological $8,000+ zone becomes a potential target, consistent with historical expansion phases in Ethereum’s market cycles.
On the downside, the ascending support near $4,200 serves as the invalidation level for the current bullish structure. A breakdown below this point would weaken the setup and shift attention back to consolidation. Until then, Ethereum remains positioned for a breakout with bulls setting sights higher.
