Ethereum Rebounds from Support Band, Faces Key Resistance
- Ethereum has rebounded from its Weekly Bull Market Support Band.
- The rebound aligns with a high-timeframe support range, indicating technical strength.
- Ethereum is approaching the “golden pocket” resistance zone between the Fibonacci levels of 0.5 and 0.618.
- Breaking above this resistance could signal a shift in market structure toward a mid-term uptrend.
Ethereum’s recent bounce from the support band suggests active buyer interest and potential for renewed momentum if it surpasses the current resistance zone. The golden pocket area remains a critical level to watch for confirming a sustained bullish phase.
The ability to hold above this zone after a breakout could reinforce Ethereum’s upward trajectory, paving the way for further gains without major corrections. (Source)
