#我在Gate广场过新年 Ethereum is currently showing a mixed to bullish outlook after defending a key demand zone. Price action has formed higher lows on the 4-hour timeframe, indicating buyers are entering on dips. Momentum indicators like RSI are recovering from support levels, suggesting increasing upward pressure without being overbought yet.

On the daily timeframe, ETH remains within a broader range. The market recently reacted strongly from support, confirming that buyers are maintaining the lower boundary. The expanding volume during green candles indicates accumulation rather than weak short covering. As long as the price stays above the recent low volatility level, the bullish structure remains valid.

Bullish Scenario:
If ETH breaks and closes above the immediate resistance, it is likely to continue toward the next supply zone. A breakout with confirmed strong volume could trigger momentum traders to enter, accelerating the upward move. In this case, buying dips after confirmation of the breakout offers a safer entry than chasing candles.

Bearish Scenario:
Failure to hold the current support could shift short-term momentum downward. Breaking the recent higher low could invalidate the bullish structure and push ETH toward the lower end of the range. Watch for increased red volume as confirmation before considering short positions.

Key Levels to Watch:
– Major Support: Previous low volatility / Demand zone
– Immediate Resistance: Recent higher low on 4H
– Breakout Target: Next daily supply zone$ETH