TLDR
- Ethereum’s SuperTrend flashed its first buy signal since May as bulls regained momentum.
- ETH trades near $2,318, holding above a rising trendline on the two-week chart.
- Key Ethereum support sits at $1,850, with deeper support near the $1,350 zone.
- ETH faces major resistance near $4,709, the prior triple-top rejection area.
- A breakout above $4,709 could place $10,000 to $15,000 targets back in focus.
Ethereum bulls are showing fresh strength after the SuperTrend indicator flashed a buy signal for the first time since May. Market watchers say ETH remains inside a long-term bullish structure, while traders now track support near $1,850 and resistance near $4,709 for a possible wider recovery.
SuperTrend Signal Shows Buyers Are Returning
Ethereum has moved through months of weak momentum and sideways price action. The latest SuperTrend buy signal has gained attention because it is the first since May.
Ali Charts said the daily SuperTrend has turned green again. He said, “Momentum is finally shifting back to the bulls.”
The signal suggests buyers are trying to regain control after a long consolidation phase. However, traders still need stronger demand and higher closes for confirmation.
ETH also remains inside an ascending triangle on the weekly chart. The setup stays active while price holds above key support areas.
MVRV Data and Key ETH Levels Draw Attention
Ethereum’s recent move near $1,800 was seen as an important reaction point. That area aligns with the rising trendline of the long-term structure.
The MVRV ratio recently dropped below 0.8, according to Ali Charts. Traders use this data to track whether ETH may be undervalued.
Ali Charts said similar MVRV resets came before strong rallies in past cycles. Still, past moves do not guarantee the same result now.
The first major level to reclaim is $2,356, according to the shared roadmap. After that, traders are watching $2,647 and $3,639.
Higher zones sit near $4,632 and $5,624 if recovery continues. A move above the previous high area near $4,900 could support a larger breakout.
Two-Week Chart Shows Long-Term Bullish Structure
Crypto Patel also shared a bullish view on Ethereum’s long-term chart. He said, “$ETH is quietly doing what life-changing assets always do.”
He added, “Building a massive base before the real move starts.” Patel said many traders only pay attention after a breakout.
He also said, “Smart money pays attention before it.” In his view, “$10K–$20K ETH this decade is not crazy.”
The ETH/USDT two-week chart shows price near $2,318. It remains above the rising trendline and inside a marked accumulation area.
That zone is shown around $1,350 to $1,850. Key support sits at $1,850, followed by stronger support near $1,350.
A loss of this zone would weaken the bullish setup. For now, the chart bias remains bullish while support holds.
Major resistance is placed near $4,709 on the chart. This area marks the previous triple-top rejection zone.
A breakout above $4,709 could confirm continuation toward $10,000 to $15,000 targets. The chart also shows volume, support levels, resistance levels, and projection arrows.
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