ETH rebounds from major demand area, signaling early signs of a bullish technical reversal
Ethereum has surged back above $3,000, staging one of its strongest recoveries in recent weeks as buyers stepped in at a critical demand zone highlighted on the daily chart. The rebound follows a period of steady decline that pushed ETH into a structurally significant support area between $2,850 and $2,950, a zone traders have been watching closely since mid-2025.
Market analysts say the move may mark the beginning of a broader trend shift, especially as technical indicators show improving strength across higher timeframes.
ETH Finds Strong Support and Reclaims Momentum
The provided chart shows Ethereum tapping into a large orange demand block, a region where price previously accumulated before rallying toward yearly highs. After touching the lower boundary of this zone, ETH quickly bounced, reclaiming the $3,000 handle in decisive fashion.
The market also highlights multiple structural cues, including prior equal lows (EQL), break of structure, and a notable change of character (ChoCH) earlier in the year. These signals suggest that sellers may be losing control of the trend.
BitXJournal senior market strategist, noted that “the reaction from this demand zone confirms that institutional buyers are still active at these levels.” He added that if ETH closes the week above $3,050, momentum could extend toward the dark-red supply zones near $3,800 to $4,000.
Experts Eye Higher Targets if Trend Continues
Ethereum’s broader technical outlook remains constructive. The upper chart regions show a cluster of untested supply areas, including a weaker high near $4,930, which has yet to be retested since early 2025.
BitXJournal Market researcher that “the recent bounce is significant because it prevents a deeper slide toward the $2,500 demand band. A clean break above $3,300 would confirm a stronger bullish reversal.”
Traders are now monitoring whether ETH can sustain momentum above the reclaimed psychological level. As Zhou emphasized, “Holding above $3,000 in the coming days is crucial, because it keeps the broader uptrend intact and maintains bullish pressure on higher resistance zones.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.