- Ethereum’s $3,680–$3,720 support zone has seen repeated rebounds confirming consistent buyer demand and market accumulation.
- ETH dominance remains around 13%,while oversold conditions in technical indicators suggest potential upward momentum.
- A close above the support zone could lead to capital rotation into Ethereum.
Ethereum bulls hold the price strong above key support zones and its dominance is nearing 13% and indicators are hinting at a rebound. Traders are eyeing a breakout toward the $4,800 mark amid renewed market optimism.
Weekly Key Levels and Market Sentiment
Weekly charts show Ethereum approaching two critical zones: the green box representing recovery and the red box as structural support. A close above the green box would signal renewed strength and possible capital inflows into altcoins.
Staying above the red box keeps the market in a consolidation phase. A weekly close below this area would indicate weakening structure, suggesting potential downward movement. Traders are advised to observe price action before entering positions.
Ali @ali_charts tweeted about a dream scenario where Ethereum could bounce from $3,800, break $4,900, and test $8,000. The chart uses a 3-day timeframe to illustrate historical cycles and potential bullish continuation.
Ethereum Price Action and Resistance Zones
Ethereum’s price has experienced sharp rallies in 2021 and mid-2025, followed by corrective retracements. Current charts show key horizontal resistance levels at $4,800 and $5,600. Support zones appear near $3,680–$3,720, acting as critical demand blocks for buyers.
The 4-hour ETH/USDT chart displays repeated bounces off this support, suggesting steady accumulation. Each recovery indicates strong buyer interest at these levels. However, diminishing bounce strength could point to weakening momentum ahead.
A confirmed breakout above $4,800 may validate bullish continuation,but if Ethereum fails to hold it could drop to secondary support near $3,460–$3,500.
Ethereum Dominance and Market Structure
Ethereum’s dominance — its share of the overall crypto market — has been slowly climbing, forming higher lows along an upward trendline.
At the moment, its dominance is around 13%, slightly below the recent 16% peak. The Stochastic indicator is oversold. This suggests that selling pressure is fading and a rebound could be on the way if dominance bounces off the trendline.
Conversely, if it breaks below the trendline short-term weakness will take over and possibly shift attention toward Bitcoin or other altcoins.
