Ethereum Price Analysis: ETH Bulls Eye $4,000 But Consolidation Seems More Likely
2025-07-19 20:08:04
Main Idea
Ethereum (ETH) has reclaimed the $3.5K resistance level, indicating strong market demand, but faces potential consolidation near the $3.6K–$3.7K supply zone before further upward movement.
Key Points
1. ETH has reclaimed the $3.5K psychological resistance, signaling strong bullish momentum.
2. The 100-day moving average is nearing a crossover above the 200-day MA, reinforcing the bullish trend.
3. A key supply zone (order block) between $3.6K–$3.7K may introduce short-term resistance.
4. On the 4-hour chart, ETH shows strength but is currently trading between $3.5K support and the $3.6K–$3.7K resistance.
5. The Ethereum Futures Volume Bubble Map indicates concentrated buying activity, suggesting speculative interest in the market.
Description
Ethereum has reclaimed a crucial resistance region at the $3.5K mark, showcasing notable buying activity. Nevertheless, the price has now reached a critical order block around the $3.7K range, suggesting a potential period of consolidation before any further upside continuation. Technical Analysis By Shayan ETH Price Analysis: The Daily Chart ETH has continued its bullish advance, reclaiming the significant psychological resistance at $3.5K. This move underscores strong market demand and growing...
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