Ether it seems to be entering a crucial phase because market stabilizes around the key support level near $3,800. After a period of correction, technical indicators, structural signals and price action now suggest the potential for a renewed bullish move.
Ethereum falls below key support at $4,060
Ted, in the last update common on X, indicated that Ethereum has fallen below the key support level of $4,060, which could indicate a short-term bear phase for the asset. This split has put traders’ attention on lower support regions as Ethereum’s next moves will likely determine whether the market stabilizes or faces further pressure.
According to Ted, the next major support is around $3,800, a level that has been a forceful demand zone recently. If Ethereum fails to defend this region, it may open the door to a deeper correction towards the $3,400-$3,600 range, where a stronger accumulation a phase may arise. Such a decline would likely shake off faint hands and allow for a more sustainable base on which to base the next major move.
However, Ted also noted a possible bullish scenario where Ethereum could reclaim the $4,060 and $4,250 levels. Success recovery above these zones could confirm that the recent decline was merely a correction within a larger bullish pattern, potentially paving the way for a massive rally as the market regains confidence.
Bullish structure confirmed as ETH holds key demand zone
According to to Nadezhda on X, Ethereum’s chart is looking increasingly bullish, showing signs of strength following recent market moves. The analyst noted that a breakout of structure (BOS) has been confirmed, signaling that Ethereum may be preparing for another significant move higher.
Nadezhda emphasized the key demand zone between $3,910 and $3,800, which coincides with both the fair value gap (FVG) and order block (OB) on the chart. This area is a region of high buyer interest where liquidity can accumulate. Thus, maintaining stability in this zone may constitute the basis for another rally.
If Ethereum manages to hold $3,910-$3,800 support areaNadezhda believes this could be a springboard for a piercing move towards $4,550 and higher. Such a rebound would signal a forceful continuation of the broader uptrend and buyers would regain control.
The cryptocurrency analyst concluded by emphasizing that buyers appear to be positioning themselves for another stage higher as technical signals continue to work in their favor. With structure, demand, and sentiment converging, Ethereum appears poised to make another breakout attempt if market conditions continue to be favorable.
Featured image from iStock, chart from Tradingview.com
