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ETHUSD Builds Bullish Strength Toward Higher Price Resistance Zones

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ETHUSD builds bullish strength toward higher price resistance zones. Last month, Ethereum broke above a descending trendline and a significant resistance level at $2150, turning it into support. The rally was sharp and filled a previous liquidity void left between $2,150 and $2,550. A strong bullish breakout candle confirmed the shift in market structure, with price now hovering near $2,630. A minor retracement is visible, suggesting the market might revisit the $2,550–$2,340 region to gather more liquidity before resuming its upward trend.

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Looking ahead, the projection for ETHUSD remains bullish. If price retraces lower and holds, a continuation toward the next resistance at $2,860 is likely. A successful break above that level could lead the price toward higher targets like $4,110, which aligns with the next major supply zone. However, if the retracement is deeper, price may dip toward $2,150 before resuming its upward move. Overall, market structure, trend alignment, and momentum indicators all support a bullish continuation for Ethereum in the near to mid-term.

ETHUSD Builds Bullish Strength Toward Higher Price Resistance ZonesETH Key Levels

Supply Levels: $2860, $4110, $4870
Demand Levels: $2150, $1530, $1250

What are the indicators saying?

The ETHUSD pair currently shows strong bullish momentum, supported by technical indicators. The 9-day Simple Moving Average (SMA) at around $2,340 is trending upward and lies well below the current market price, acting as dynamic support. The Relative Strength Index (RSI) reads approximately 78.4, suggesting the market is in overbought territory. This high RSI level indicates robust buying pressure but also hints at a possible short-term pullback or consolidation as traders may begin to take profits around this zone.

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