Ethereum Defends $3,800 Support as Bulls Target $4,580

Ethereum has rebounded from $3,800, a confluence of Fibonacci and daily support, reclaiming its point of control. This sets up the probability of expansion toward $4,580 and beyond.

Ethereum’s price action has responded strongly to a technical bounce at $3,800, where both the 0.618 Fibonacci retracement and daily support converged. This reaction enabled ETH to reclaim its POC, previously a resistance, and now viewed as a new base for upside expansion.

Key Technical Points:

- $3,800 support holds with 0.618 Fibonacci confluence.
- POC reclaimed, signaling renewed strength.
- Next major resistance lies at $4,580, a key decision level.

After briefly testing lower levels, Ethereum bulls defended $3,800 with conviction. The rebound brought ETH back within its trading range and confirmed the POC as support. This structural shift strengthens the bullish case, particularly as higher closes suggest market acceptance of elevated valuations.

The next resistance, $4,580, remains a key hurdle. A decisive break here, supported by strong volume inflows, will open the door toward a new all-time high. Sustained demand and accumulation above the POC are crucial for follow-through.

What to Expect in the Coming Price Action:

Ethereum looks poised to extend higher, provided it maintains support at the POC. Traders should watch $4,580 for decisive breakout signals that could mark the path to new highs.