Ethereum – Is the Next Leg Higher Still in Play? for COINBASE:ETHUSD by Yong726
Market Structure The 4-hour chart is trading in a consolidation range with a slight bullish bias. The recent recovery remains valid as buyers continue defending higher support levels. Key Resistance First Resistance: 1,900–1,920 This is the nearest resistance zone where sellers previously regained control. A breakout above this area would strengthen short-term bullish momentum. Second Resistance: 1,940–1,960 If buyers clear the first resistance, this zone becomes the next upside target and …
Market StructureThe 4-hour chart is trading in a consolidation range with a slight bullish bias. The recent recovery remains valid as buyers continue defending higher support levels. Key ResistanceFirst Resistance: 1,900–1,920This is the nearest resistance zone where sellers previously regained control. A breakout above this area would strengthen short-term bullish momentum. Second Resistance: 1,940–1,960If buyers clear the first resistance, this zone becomes the next upside target and could open the way for another attempt toward the recent highs. Key SupportFirst Support: 1,870–1,880This is the immediate support currently being defended by buyers. Holding above this level keeps the recovery scenario intact. Second Support: 1,840–1,850A break below the first support could expose this stronger demand zone, where buyers may look to re-enter. Market SentimentMarket sentiment remains cautiously bullish. Despite the recent pullback, buyers continue to defend key support, suggesting confidence has not disappeared. The market is now waiting for a clear breakout or breakdown before establishing the next directional move. Please share your view below:Do you think Ethereum is preparing for another breakout above resistance? Or will sellers force a deeper correction before the next rally begins?More market structure and key level updates will be shared regularly. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.