Ethereum Holds Key Support as Bullish Signals Start to Line Up

Ethereum is drawing renewed attention from traders as technical signals begin to align around a key price zone.

Market commentary circulating on social media highlights a growing sense that ETH may be nearing a decisive move, with chart patterns suggesting pressure is building after weeks of consolidation.

Recent price action shows Ethereum compressing within a narrowing structure, a setup often associated with falling wedges. This pattern typically reflects weakening selling pressure, especially when it develops after a broader pullback rather than during a strong downtrend.

At the same time, ETH appears to have carved out a double-bottom formation near the $3,300 area, reinforcing the idea that buyers are repeatedly stepping in at similar levels.

Momentum indicators are adding to the cautiously bullish narrative. On the 4-hour timeframe, the MACD has turned upward, hinting that downside momentum is fading and that a short-term trend shift could be underway. While this alone is not a confirmation of a breakout, it often acts as an early signal that market sentiment is improving.

From a price perspective, the $3,300 level has emerged as the main battleground. Holding above this zone is seen as critical for maintaining the constructive setup.

As long as ETH remains supported there, the technical structure stays intact, keeping upside scenarios in play. A clean break below that level, however, would weaken the bullish case and reopen the door to deeper consolidation.

If buyers manage to defend support and push the price higher, the next area of interest lies near recent highs, with some traders pointing toward the $3,900 to $4,000 range as a potential upside target. That zone aligns with prior resistance and would likely attract heavy attention if momentum accelerates.

For now, Ethereum remains in a coiled state, with volatility compressed and traders watching closely for confirmation. Whether the next move resolves higher or lower may depend less on indicators and more on how price behaves around the $3,300 threshold in the sessions ahead.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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