#我在Gate广场过新年 Ethereum is currently showing a mixed-to-bullish structure after defending a key demand zone. Price action has formed higher lows on the 4H timeframe, indicating buyers are stepping in on dips. Momentum indicators such as RSI are recovering from mid-level support, suggesting growing bullish pressure without being overbought yet.

On the daily timeframe, ETH is consolidating within a broader range. The market recently reacted strongly from support, confirming that buyers are protecting the lower boundary. Volume expansion during green candles signals accumulation rather than weak short covering. As long as price holds above the recent swing low, the bullish structure remains valid.

Bullish Scenario:
If ETH breaks and closes above immediate resistance, continuation toward the next supply zone is likely. A breakout with strong volume confirmation could trigger momentum traders to enter, accelerating upside movement. In this case, buying pullbacks after breakout confirmation provides a safer entry than chasing candles.

Bearish Scenario:
Failure to hold current support may shift short-term momentum bearish. A breakdown below the recent higher low would invalidate the bullish structure and could push ETH toward the lower range support. Watch for increasing red volume as confirmation before considering short positions.

Key Levels to Watch:
– Major Support: Previous swing low / demand zone
– Immediate Resistance: Recent lower high on 4H
– Breakout Target: Next daily supply area$ETH