ETH USD Bounce Back? Key Signals Traders Are Betting On Now
Ethereum's clawing its way back—but what’s fueling the rally? Traders aren’t just staring at candlesticks. Layer-2 adoption, ETF whispers, and that old devil, leverage, are back in play.
Here’s what’s moving the needle:
The Merge Hangover (Or Lack Thereof)
Post-upgrade jitters faded fast. Gas fees? Still a nightmare, but hey—progress.
Institutional Side-Eye
BlackRock’s CEO "isn’t talking about ETH." Sure, Jan. Meanwhile, their blockchain team’s hiring spree continues.
DeFi’s Silent Rebound
TVL creeping up while TradFi banks trip over their own Basel III compliance. Ironic, no?
Bottom line: ETH’s playing the long game—whether your portfolio can handle the volatility is another question. *Cough* leverage farmers *cough*.
ETH USD Price Volatility: Technical Analysis On Latest Moves
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Check out last week’s article here. I purposely kept all the drawings on the charts and have not added anything. This is a good exercise as you learn to do technical analysis. The pair has successfully filled both FVG zones and is starting the week with great strength. Will the Bulls be able to keep the momentum going?
How Is ETH USD Shaping Up on The Daily Chart?
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On the Daily timeframe, ETH USD price movements look rather good. RSI is below and needs to reclaim the bullish upper half. MA100 got retested beautifully and yesterday closed with a bullish engulfing candle.
Now it’s headed towards MA50 and MA200 and still needs to reclaim MA200 before we can see bigger moves on alts. Overall, the structure here remains bullish, as this dip formed a lower high.
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The 4H chart gives us another interesting perspective. RSI dipped to oversold and quickly recovered into the upper half. We are still below all MA’s here and definitely want to go above.
The reaction from the FVG gap looks like a V-shaped recovery, which is a strong bullish indicator. We’re still not out of the water; now it’s too late to enter a position. I’d rather wait it out and see what the market does next.
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ETH USD Recovery On The Way: What Traders Watch For?
- Market structure remains bullish on 1D
- RSI on 4H went from oversold to bullish levels quickly
- FVG zones are filled
- Still needs to break and close above MA200 on 1D for alt season.