- Ethereum trades above $4080 and holds the 100-hour SMA support at 4055.
- ETH faces resistance near $4180 and major resistance at $4250 for the next leg.
- Pullback support for ETH sits at 4050 with further downside to $3980.
- A breakout above 4250 may push Ethereum toward $4320 and $4500 in the coming sessions.
Ethereum (ETH) has shown strength above $4,000, building momentum after recent gains. The cryptocurrency is currently consolidating near $4,080 while buyers appear ready to push prices higher. Market watchers note that ETH is trading above key technical levels, including the 100-hourly Simple Moving Average, which signals continued support on dips. Analysts are closely monitoring resistance zones around $4,200 to $4,250 as potential breakout points.
Ethereum Price Maintains Positive Momentum
Ethereum started a steady increase above $3,880 and moved past $4,000 and $4,120. The price briefly spiked above $4,200 before consolidating gains around $4,080.
A high was formed at $4,252, and the pair has remained above the 100-hourly Simple Moving Average. Technical indicators show a bullish trend line forming with support at $4,055 on the hourly chart of ETH/USD, suggesting buyers are defending key levels.
Source: TradingView
Analysts note that staying above these support points could help ETH continue its upward trajectory. A clear move above $4,200 may encourage additional buying in the short term.
Key Resistance Levels to Watch
Ethereum could face resistance near $4,180 and $4,200, with the first major resistance around $4,250. A break above this level may target $4,320 next.
If ETH clears the $4,320 region, it could move toward $4,480 or even $4,500 in the near term. Market observers highlight that these resistance zones are critical for gauging the strength of the ongoing bullish trend.
Nick Ruck, a market analyst, stated, “Ethereum shows support on dips and the current trend indicates buyers are ready for a higher move.”
These levels will likely determine whether Ethereum continues its upward path or faces a temporary pause in gains.
Support Levels Provide Stability on Pullbacks
If Ethereum fails to break above $4,200, it could see a pullback toward $4,080. The first major support is near $4,050, aligning with the bullish trend line.
A move below $4,050 could push ETH toward $3,980, which corresponds to the 50% Fibonacci retracement of the recent wave from $3,708 to $4,252. Further losses might test $3,840, with the next key support around $3,780.
Source: X
Analysts emphasize that these support levels are closely watched by traders. Staying above $4,050 is essential to maintain short-term bullish momentum.
Market Outlook and Consolidation
Ethereum’s recent price action shows buyers are actively supporting dips, keeping the trend intact. The consolidation phase around $4,080 suggests a healthy market pause before a potential upward move.
Technical indicators point to continued strength as long as key support zones hold. Traders are monitoring resistance at $4,200–$4,250 to gauge the next leg higher.
The news indicates that Ethereum remains well-supported on dips, with buyers positioning for further gains. Market participants are watching both support and resistance levels to anticipate potential breakouts or pullbacks in the coming sessions.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
