ETH Technicals Signal Renewed Bullish Momentum as Support Levels Hold Firm
Ethereum (ETH) has reclaimed the $4,000 mark, showing renewed strength after a volatile start to October. The world’s second-largest cryptocurrency rose nearly 1.6% in the past 24 hours, reaching around $4,053, as buyers defended the critical $3,800 support zone visible in the latest technical setup.
The daily chart shows ETH bouncing from a strong demand area between $3,650 and $3,850, aligning with the ascending trendline that has guided its rally since May. This level has repeatedly acted as a springboard for bullish moves, confirming it as a critical technical support zone.
BITX Analysts suggest that Ethereum’s recent resilience is tied to both macro and fundamental drivers. “Ethereum maintaining above $4,000 shows that market confidence remains intact even after recent corrections,” According to BITX market strategists. “If ETH sustains above $3,900, the next resistance lies around $4,400 to $4,500, where sellers previously stepped in.”
Why Ethereum Is Surging
Ethereum’s latest rise is being supported by several key developments. The network continues to benefit from strong on-chain activity, particularly in decentralized finance (DeFi) and liquid restaking protocols, which have seen a notable uptick in user participation and total value locked (TVL).
Additionally, optimism surrounding upcoming Layer-2 scaling improvements and potential fee reduction proposals is boosting investor sentiment. The renewed interest in ETH staking—driven by higher yields and network stability—has also played a major role in the ongoing recovery.
“Institutional flows into Ethereum have quietly picked up over the past two weeks, indicating growing confidence in its mid-term performance,” said BITX digital asset analyst. “The $4,000 level is psychologically significant, and holding above it could attract further momentum buying.”
If ETH maintains its upward trajectory, analysts expect a possible retest of the $4,500 resistance zone, followed by a move toward the $4,850 region—its next major technical target. However, a drop below $3,800 could invite renewed selling pressure.
For now, Ethereum’s structure remains bullish, supported by steady market volumes, improving fundamentals, and a recovering crypto landscape led by Bitcoin’s recent rebound above $110K.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.