Ethereum (ETH) bounces strongly from the $4,426 support zone, gaining and eyeing resistance near $4,800.
Ethereum has staged a sharp recovery after finding stability at a key support area. The leading altcoin surged more than 26% from its recent low, with price action now testing the $4,550 region. The move has renewed optimism in the market as traders watch whether ETH can sustain momentum toward the critical resistance zone around $4,750–$4,800.
The 1-hour chart shows that ETH rebounded from the $4,426 support, marked by heavy buying activity. This level had previously acted as a demand zone, and once again, it served as a springboard for bullish momentum. Currently, ETH is trading near $4,547, showing strength after days of sideways consolidation.
“Ethereum’s defense of the $4,426 zone is technically significant,”According to BITX crypto analyst. “As long as price holds above this level, the structure remains bullish, and the probability of a move toward the $4,800 resistance remains intact.”
The green zone at $4,426 is now the immediate support. A sustained hold above this level could encourage further buying. On the upside, the red-marked resistance between $4,750 and $4,800 will be the main obstacle for bulls. If ETH manages to break above that barrier, analysts suggest momentum could extend toward $5,000 in the near term.
Volume data also supports the bullish outlook, with rising activity accompanying the latest surge. This indicates genuine buyer interest rather than short-lived speculative moves.
While the 26% surge has strengthened Ethereum’s short-term position, traders are advised to monitor the $4,450–$4,426 support closely. A break below could signal renewed selling pressure, while a strong close above $4,750 would reinforce bullish continuation.
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.