Ethereum (ETH) Technical Outlook – Bulls Regain Control Above $4,000

Ethereum has reclaimed key momentum, with price now trading around $4,200, marking a strong rebound from the 0.236 Fib level ($3,762). The move above both the 20 EMA ($4,050) and 50 EMA ($4,129) signals growing bullish momentum and a potential short-term trend reversal.

ETH is currently testing the 0.5 Fibonacci retracement ($4,175) — a critical level that often acts as a pivot point between continuation and correction. A confirmed breakout above this area could send ETH toward $4,359 (0.618 Fib) and possibly $4,622 (0.786 Fib) if buying volume strengthens.

Meanwhile, RSI (54.3) is leaning bullish, showing positive momentum without entering overbought territory — suggesting room for further upside.

On the downside, support sits around $3,990 (0.382 Fib) and $3,762, with the 200 EMA ($3,591) providing a major defensive zone for bulls.

📊 Summary:

Trend: Bullish momentum returning

Support: $3,990 / $3,762 / $3,591

Resistance: $4,175 / $4,359 / $4,622

Outlook: ETH is strengthening above $4,000. A decisive break above $4,175 could ignite a push toward $4,350–$4,600, while failure to hold above $3,990 may slow the current bullish phase.

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