ETH gains 43% in a month but approaches major resistance zone
Ethereum (ETH) is trading around $4,310, after climbing an impressive 43% in the past month. The rally, driven by renewed investor confidence and broader market strength, is now encountering increased profit-taking activity from short-term holders.
On the weekly chart, ETH is approaching a key resistance zone between $4,300 and $4,800, an area where sellers historically become more aggressive. The last two visits to this price region triggered substantial pullbacks, making it a critical test for bullish momentum.
“Traders who entered near the $3,000 level are locking in gains here,” said BITX crypto market strategist. “If ETH can break through this resistance convincingly, we could see a push toward its all-time highs.”
Chart analysis highlights several important price zones:
- Immediate resistance: $4,300–$4,800 (red zone)
- First support: Around $3,800–$3,900 (light grey zone)
- Key support level: $3,100–$3,300 (green zone with label “support level”)
- Major demand zone: $1,200–$1,400 (orange zone), which has twice acted as a long-term bottom.
The formation of higher lows since early 2025 suggests a strengthening bullish structure. However, the history of sharp reversals at this resistance warns traders to remain cautious.
Market Sentiment and Outlook
The recent rally coincides with improved macroeconomic sentiment and continued institutional interest in Ethereum-based applications. Yet, profit-taking behavior is becoming more visible on-chain, indicating that some traders are wary of overextension.
“If ETH consolidates below $4,300 without heavy selling, it could be a healthy pause before another leg up,” another analyst noted. “But a rejection here may bring us back toward the $3,800 zone in the short term.”
For now, Ethereum is in a decisive zone, with bulls eyeing a breakout and bears waiting for signs of exhaustion.
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.