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#GateTradFiExperience Ethereum (ETH) is currently trading in a cautiously bullish structure, showing signs of strength after consolidating above a key demand zone. Price action suggests ETH is attempting to build momentum following recent volatility across the broader crypto market. On the higher timeframe, ETH remains above its medium-term moving averages, indicating that buyers are still in control despite short-term pullbacks.
From a technical perspective, ETH is holding above a strong support region near the recent swing low. This zone has acted as a demand area multiple times, increasing its reliability. The Relative Strength Index (RSI) is hovering near neutral territory, which suggests there is room for further upside before entering overbought conditions. Additionally, the Moving Average Convergence Divergence (MACD) is showing early signs of a bullish crossover, hinting at potential upward continuation if volume increases.
On the resistance side, ETH faces its first major hurdle near the recent local high. A clean breakout and daily close above this resistance could trigger increased buying pressure and open the door for a move toward the next psychological resistance level. If bullish momentum strengthens, continuation toward higher liquidity zones is likely, especially if Bitcoin remains stable.
Trading Strategy:
• Buy Zone: Near the current support region on minor pullbacks
• Target 1: Short-term resistance level
• Target 2: Next major resistance / liquidity zone
• Stop Loss: Below the key support area to manage downside risk
Risk Management is crucial. Traders should avoid over-leveraging and wait for confirmation such as strong bullish candles or increased volume before entering positions. If ETH fails to hold support, a deeper correction toward lower demand zones may occur.$ETH