Ethereum (ETH/USD) – Daily Chart at Major Resistance Confluence

Ethereum is currently showing signs of recovery after a strong reaction from the major demand zone near 1800, where price formed a base and initiated a bullish pullback.

The formation of higher lows signals improving short-term momentum. However, despite this recovery, the broader trend remains bearish unless a major resistance level is broken.

📊 Market Structure Insight

Current structure indicates:

✔ Strong bounce from 1800 demand zone

✔ Higher lows forming (short-term bullish)

✔ Price approaching major resistance

This confirms ETH is currently in a corrective recovery phase, not yet a confirmed trend reversal.

🔑 Critical Resistance Zone

📍 2600 – 2625

This level is highly significant because:

✔ 200 EMA acting as dynamic resistance

✔ Previous structure resistance present

✔ Supply zone alignment

This creates a confluence resistance zone, making it a key decision level.

🚀 Bullish Scenario

If Ethereum:

✔ Breaks and holds above 2625

✔ Maintains momentum

📈 Upside targets:

🎯 3038 — Major Supply Zone

A sustained breakout above this level could signal trend reversal confirmation.

🔻 Bearish Scenario

If Ethereum:

❌ Gets rejected from 2625

❌ Fails to hold higher lows

📉 Downside targets:

🎯 2264 — Minor Support

🎯 1800 — Major Demand Zone

This would confirm the current rally as a corrective bounce, not a reversal.

🎯 Market Outlook

Ethereum is currently at a make-or-break zone, where the 200 EMA resistance will likely determine the next directional move.

Until a confirmed breakout occurs:

⚠️ Rally should be treated as corrective

⚠️ Confirmation remains essential

Patience at resistance is key.

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