Ethereum Pulls Back After New Highs but Bullish Structure Holds Strong
Ethereum takes a breather after hitting fresh peaks—but don't call it a reversal.
The Pullback: Just a Pause?
ETH dipped following its latest run-up, though key support levels held firm. No panic selling. No major breakdowns. Just classic profit-taking after another leg higher.
Bullish Framework Intact
Technical structure remains solid. Higher lows, strong volume on rallies, and institutional interest hasn’t faded. Traders eye the next resistance zone.
Macro Mood: Still Risk-On
Crypto continues to attract capital fleeing traditional finance—where yield is a myth and innovation moves at regulatory speed.
What’s Next?
Consolidation here sets up another potential push upward. If momentum holds, new highs aren’t just possible—they’re probable.
Rally Since July Remains Intact
Since the beginning of July, ETH has climbed nearly 100% without revisiting its 4-hour moving averages. The recent correction brought price action back toward these levels, with the 4H 200MA/EMA now aligning with the range low around $4,000. Analysts suggest this zone could serve as a strong support area if tested.
Key Levels to Watch
- Range Low (~$4,000): As long as ETH stays above this level, the broader bullish structure remains valid. Losing it would signal a shift in momentum.
- Range High (~$4,800–$5,000): Breaking and holding above $5,000 would confirm entry into a new price discovery phase, potentially opening the door to higher valuations.
- Previous ATH: Sunday’s peak tested above the prior high, but selling pressure quickly dragged ETH back inside the established range.
Outlook
For now, ETH’s structure remains strong, with momentum favoring buyers unless $4,000 is decisively lost. Traders are eyeing whether the consolidation NEAR moving averages sets up another push higher or if deeper retracements are on the horizon.
As DaanCrypto summarized: “Higher timeframe structure is still bullish until ~$4K is lost.”
