Ethereum has shown renewed strength as it stabilizes after months of choppy price action. Recent technical improvements point to improving momentum in favor of buyers, though overhead resistance remains, keeping the recovery promising but not fully confirmed.
Analysts caution that the current market structure remains unconvincing despite the bounce. Ethereum has cleared the 1D Bull Market Support Band, a zone that has historically served as a reliable reversal point, but a durable reclaim of the 0.618 Fibonacci POI near $3,120 is needed to shift lower-timeframe sentiment. Until that level is secured as support, the risk of a false breakout remains, and traders are advised to hold hedges; a failure to hold current levels could pull prices back toward the previous high-timeframe resistance near $2,700 before any more durable upside materializes.
StockTrader_max notes that Ethereum started 2026 on a clearly positive technical footing, with its first daily close above the 50-day moving average since October 9. This breakout signals improving momentum and suggests buyers are regaining control. The next major upside objective sits near the 200-day moving average around $3,550, and price action could gravitate toward that level in the coming sessions as risk appetite improves.
Leave a Reply