Quick overview

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Ethereum demonstrated remarkable resilience by bouncing off key support levels and setting the stage for a potential breakout.

Buyers swiftly responded after defending the $3,820 mark, creating a strong foundation. The path is now open for a possible move above $4,300, a critical level that could trigger further upward momentum, as Ethereum currently tests significant resistance levels.

The cryptocurrency successfully reclaimed the $4,300 level on the 4-hour chart, aligning with the 0.382 Fibonacci retracement. Ethereum’s next move will heavily depend on its ability to sustain the $4,300–$4,500 range.

A breakout above $4,300 remains possible as long as these support levels hold.  Conditions are favorable for a surge as investor confidence increases and on-chain data indicate accumulation.

However, if support erodes, the price could drop back to the $3,820 demand zone, a key level for buyers to defend. This area remains vital support to maintain the upward trend. Currently, Ethereum is testing resistance within the 0.5 Fibonacci retracement zone, between $4,293 and $4,300.

A decisive breakout above this zone could push Ethereum toward $4,406, and subsequently to $4,565 at the 0.786 level. On-chain metrics, showing consistent outflows from exchanges, suggest growing investor optimism.