Ethereum (ETH!) Futures Technical Analysis: Bulls Remain in Control, Targeting $4,000Today's (weekend) analysis covers Ethereum futures (ETH!) continuous contracts. Although pricing slightly differs from spot markets such as Binance or Coinbase, the core technical principles apply.Key Levels and Price Action from the above ETH Futures Technical Analysis Video:The weekly chart reveals critical historical consolidation from mid-2022 through early 2023. The volume profile highlights the Point of Control (POC) at approximately $1,550, marking substantial historical trading activity.Notably, ETH futures retested this $1,550 region on October 23, 2023, creating a strong technical support base.A bullish breakout occurred around April 14, 2025, marked by a clear doji reversal candle followed by a significant 15% rise the next week, initiating the current bullish run.Current ETH Technical Landscape:ETH futures recently closed at $3,557. Immediate upside targets include the red resistance line near $3,765 and the critical Value Area High (VAH) between $3,840-$3,850.Despite market jitters from Netflix’s earnings disappointment impacting NASDAQ futures negatively, Ethereum exhibited resilience, hinting at independent strength in crypto markets.A megaphone pattern has emerged, typically indicating heightened volatility and potential bear traps, consistent with recent price movements.Technical Indicators on Ether Futures:Employing a regression trend channel from the July 10, 2025 gap-up illustrates the clear ongoing bullish trend. Currently, Ethereum trades firmly within the upward-sloping regression channel.Bears should remain cautious. Only a sustained breakdown from this ascending channel could warrant reconsideration of bearish scenarios.Trading Implications for Ethereum Traders:Short positions are strongly discouraged in this bullish context unless executed by highly experienced short-term scalpers prepared for quick exits.Near-term bullish targets remain $3,765 initially, followed by the $3,840-$3,850 magnet zone. The psychological $4,000 level represents the next major bullish milestone.Traders holding profitable longs initiated around our earlier bullish call near $1,800 may consider partial profit-taking around $3,750-$3,850, anticipating potential temporary consolidation.Concluding from the video above:Ethereum futures remain decisively bullish, targeting an eventual breakout above $4,000 and potentially challenging new all-time highs. Monitor the outlined resistance areas closely and manage positions prudently. Always trade at your own discretion and risk tolerance.Remember, this is just my opinion and not financial advice. You must do your own research before investing or trading ETH.Stay updated with detailed crypto market analysis at investingLive.com, your trusted source for actionable trading insights. This article was written by Itai Levitan at investinglive.com.