Sep 23 • 📚 Learn
Ethereum (ETH/USD) Daily Outlook
- Structure: ETH has shown a strong recovery from the long-term demand zone around $1,500–$1,800, followed by a series of higher lows and higher highs. Price is now trading around $2,750, indicating improving bullish structure.
- Market Bias: The broader daily structure favors the bullish side. The recent recovery from the demand zone, combined with improving momentum, supports the possibility of further upside.
- Near-Term Expectation: A short-term pullback or consolidation cannot be ruled out after the recent move higher. A corrective move toward the $2,500–$2,600 area could provide room for continuation if bullish structure remains intact.
- Key Resistance / Target: The major upside objective is around $4,050, which aligns with the previous significant resistance area.
- Momentum: RSI is showing improving momentum, with a bullish divergence developing from the recent lows, supporting the recovery structure.
- Invalidation / Risk Level: A sustained move back below the $1,500–$1,800 demand zone would weaken the current bullish structure and require a reassessment of the outlook.
- Conclusion: As long as ETH maintains its recovery structure and holds above the major demand zone, the broader setup remains constructive, with $4,050 as the key upside target.
What’s your view on ETH/USD — continuation toward $4,050 or another correction before the next move higher?
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Ethereum (ETH/USD) Daily Outlook
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