Ethereum 
ETHUSD just stepped into one of its biggest milestones - the Fusaka upgrade - and unlike previous major updates, this one came with a surprising twist. Instead of crashing or swinging wildly like we saw during Dencun and Pectra, ETH actually bounced back toward $3.2k after weeks of decline.
A small recovery, yes… but the kind that feels meaningful.
To me, buying ETH here feels similar to buying gold
GOLD when it was sitting at $1.8k, a moment where the market is exhausted, price is undervalued, and smart accumulation quietly begins.
From a technical analysis perspective, the long-term chart shows something incredibly important - a massive ascending triangle forming for years. Higher lows continue to build pressure from below, while a nearly untouched resistance zone acts as the ceiling.
Short-term price action adds even more fuel to this setup. ETH is once again bouncing at the same demand zone that has held firm multiple times this year. The latest dip formed a double bottom right inside that support block, which is a classic bullish reversal pattern in technical analysis.
ETH may still go sideways a bit longer, higher lows often take time to form, but the overall structure looks like a coiled spring.
Whether you’re a short-term trader or long-term holder, this zone marks as confirmation for uptrend of EH
TheCryptoFire
ETHUSD just stepped into one of its biggest milestones - the Fusaka upgrade - and unlike previous major updates, this one came with a surprising twist. Instead of crashing or swinging wildly like we saw during Dencun and Pectra, ETH actually bounced back toward $3.2k after weeks of decline. A small recovery, yes… but the kind that feels meaningful.
To me, buying ETH here feels similar to buying gold
GOLD when it was sitting at $1.8k, a moment where the market is exhausted, price is undervalued, and smart accumulation quietly begins.From a technical analysis perspective, the long-term chart shows something incredibly important - a massive ascending triangle forming for years. Higher lows continue to build pressure from below, while a nearly untouched resistance zone acts as the ceiling.
Short-term price action adds even more fuel to this setup. ETH is once again bouncing at the same demand zone that has held firm multiple times this year. The latest dip formed a double bottom right inside that support block, which is a classic bullish reversal pattern in technical analysis.
ETH may still go sideways a bit longer, higher lows often take time to form, but the overall structure looks like a coiled spring.
Whether you’re a short-term trader or long-term holder, this zone marks as confirmation for uptrend of EH
TheCryptoFire
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.