Ether is showing up-to-date strength after rebounding from the bullish support band, a key zone that has historically served as a starting point for major uptrends. The rebound signals a possible change in dynamics, but the real test is yet to come. As the price approaches the key resistance of the gold pocket, a breakout is likely to confirm a sustained bullish phase.

ETH is bouncing off the weekly bull market support band

In his last update on ETH Luca, a cryptocurrency analyst at X, noted that the asset has once again found solid footing in a known support area. According to Luca, the price has successfully rebounded from the weekly bull market support band. This bounce also fits perfectly into the high timeframe support range highlighted in his previous PAT updates, confirming the technical strength of this level.

He emphasized that this move was largely expected as the support zone has repeatedly proven to be a reliable area for bullish reactions when ETH enters a corrective phase. The recent rebound signals that buyers remain dynamic and willing to defend key levels, which could set the stage for renewed momentum if it continues.

Luca, however, urged caution in the compact term, pointing out that ETH is currently approaching a major resistance zone. This zone corresponds to the golden pocket area between the Fibonacci levels of 0.5 to 0.618, where Ethereum has previously faced selling pressure. Failure to break above this area may result in a sideways move or a minor pullback before a decisive trend change occurs.

ETH is eyeing a high timeframe resistance range for the next stage

The analyst further explained that if Ethereum manages to break above the current resistance range, it will represent a definite change in the market structure. Such a move would confirm a renewed enhance in momentum, paving the way for a medium-term uptrend towards the upper resistance zone marked in red.

He added that as long as ETH stays above the gold pocket zone after the breakout, the most likely outcome remains up. Maintaining momentum above this key area would strengthen the bullish narrative, suggesting Ethereum can continue to climb towards higher resistance levels without major corrections.

However, until this breakout occurs, the analyst expects a period of consolidation around the current support band. According to the analyst, this phase will probably serve as the basis for a more lasting reversal of the growth trend in the future. Patience remains imperative at this time, as the ongoing structure indicates that Ethereum is positioning itself for a stronger, more sustained rally as the market confirms its direction.