Ethereum has recently shown a notable shift in short-term momentum, attracting renewed attention as it approaches technologically significant areas. While the broader structure remains corrective, recent price action suggests buyers are becoming more active around key technical levels.
Ethereum Price Analysis: Daily Chart
On the daily time frame, ETH has experienced a clear rally from the $2.7,000 demand zone, pushing the price towards the effective resistance zone. This resistance is defined by the 100-day moving average at $3.4,000 and the confluence of the highlighted yellow supply area. Historically, this area has acted as a powerful barrier, and current access to this area increases the likelihood of reaction or integration.
Despite the recent bullish impulse, the asset is still trading within a broad descending channel, indicating that a move above this resistance is needed to shift the higher timeframe bias. Until then, this area should be treated as a key decision zone where momentum may slow or sellers may reemerge.
ETH/USDT 4 hour chart
On the 4-hour chart, this structure makes the recent recovery more visible. The price has solid support at the lower end of the wedge at $2.7,000, confirming strong demand at that level. From there, Ethereum has steadily climbed toward the upper end of the wedge at $3.3,000, and is currently just above it.
This breakout reflects an improvement in short-term momentum, but a complete reversal of the trend has not yet been confirmed. The blue resistance box above is surrounded by the $3.3,000-$3,450 threshold, which remains the main obstacle to a continuation, as price reacted sharply from this zone earlier. Confirming continued bullish continuation would require a clean acceptance above this area, while rejection could lead to support for the wedge or further decline to midrange levels.
sentiment analysis
From an on-chain perspective, Ethereum’s spot average order size chart shows a significant behavioral change. The recent appearance and concentration of green spots indicates increased participation from whale-sized spot buyers during the current price recovery. This suggests that large-scale participants are becoming active again after a period when retail-sized orders dominated.
Such behavior is often consistent with an accumulation phase rather than a distribution, especially when it occurs near structural support zones. This does not guarantee that the upside will continue immediately, but it adds weight to the idea that downside risk can be increasingly absorbed by stronger hands.
Overall, Ethereum is currently located in a technically sensitive area where short-term momentum is improving but higher timeframe resistance still prevails. The price reaction around $340,000-$350,000 will be crucial in determining whether the recent recovery develops into a broader trend shift or remains a corrective rebound within the existing structure.
