Ethereum Appraoches Resistance

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Ethereum Appraoches Resistance Ethereum / TetherUSBINANCE:ETHUSDTThe_Alchemist_Trader_Ethereum continues to trade within a constructive market structure, characterised by consecutive higher highs and higher lows that suggest buyers remain in control. This sequence reflects a healthy bullish trend and indicates that demand has consistently stepped in following each pullback. However, price is now approaching a significant higher timeframe resistance zone that could determine the next major move. The resistance region is reinforced by the Point of Control (POC) and a long-term VWAP level, creating a strong area of technical confluence. This zone has historical significance dating back to 2022, making it an important level where sellers could re-enter the market. With multiple technical indicators aligning at the same price area, traders should expect increased volatility as Ethereum tests this resistance. A decisive breakout above this higher timeframe resistance would strengthen the bullish outlook and suggest that buyers have absorbed the available supply, opening the probability for continued upside. However, if Ethereum is unable to reclaim this region and begins to reject from resistance, the likelihood increases for a rotation back toward the key support around 1,571. Such a move would maintain the broader trading range rather than signalling a trend reversal. For now, Ethereum remains technically bullish, but confirmation above resistance is needed before expecting the next leg higher. Until then, this confluence zone remains the key level to watch.