ETH/USD is currently trading around $3,847, consolidating within a tight range after a strong recovery from the $3,200 support zone established in mid-June. Price action is forming a ascending triangle on the 4H chart, with resistance clustering near the $3,920–$3,960 band — a level that has rejected price twice in the past 10 days. Immediate support sits at $3,780 (50-day EMA), with stronger floor at $3,640 (100-day EMA and prior breakout level). The 200-day MA at $3,420 remains well below current price, confirming the broader uptrend structure. RSI on the daily chart reads 61.4 — healthy momentum without being overbought, giving room for further upside. MACD on the daily is showing a bullish crossover that occurred three sessions ago, with the histogram expanding positively. The 12/26 EMA differential is widening, supporting continuation. On-chain metrics are constructive: ETH gas fees have ticked up ~18% over the past week suggesting increased network activity, and exchange netflows are showing persistent outflows (coins leaving exchanges), indicating accumulation behavior. Staking deposit queues remain elevated post-Pectra upgrade. Options market shows put/call ratio at 0.72, leaning bullish. Key levels to watch: a clean break and daily close above $3,960 would open a path toward $4,250 (prior cycle resistance) and potentially $4,500. Failure to hold $3,780 on a daily close basis would signal short-term weakness and retest of $3,640. ETH/BTC pair is also stabilizing near 0.0510, showing early signs of relative strength recovery. Volume profile suggests buyers are in control at current levels.

This is not financial advice. Content is AI-generated.