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Ethereum is showing renewed strength after rebounding from its Bull Market Support Band, a key zone that has historically served as a launchpad for major uptrends. The bounce signals a possible shift in momentum, but the real test now lies ahead. With the price approaching the crucial golden pocket resistance, a breakthrough is likely to confirm a sustained bullish phase.
ETH Bounces Back From Weekly Bull Market Support Band
In his recent update on ETH, Luca, a crypto analyst on X, noted that the asset has once again found solid footing at a familiar support area. According to Luca, the price has successfully bounced off the Weekly Bull Market Support Band. This rebound also aligns perfectly with the high-timeframe support range highlighted in his previous PAT updates, reaffirming the technical strength of this level.
He emphasized that this move was largely anticipated, as the support zone has repeatedly proven to be a reliable area for bullish reactions whenever ETH enters a corrective phase. The recent bounce signals that buyers are still active and willing to defend key levels, which could set the stage for renewed momentum if sustained.
However, Luca urged caution in the short term, pointing out that ETH is now approaching a major resistance zone. This zone corresponds with the golden pocket area between the 0.5 and 0.618 Fibonacci levels, where Ethereum previously encountered selling pressure. A failure to break above this region could result in sideways movement or a minor pullback before any decisive trend shift occurs.
ETH Eyes High-Timeframe Resistance Range For Next Leg Up
The analyst further explained that if Ethereum manages to break above the current resistance range, it would signal a decisive shift in market structure. Such a move would confirm renewed bullish momentum, paving the way for a mid-term uptrend toward the high-timeframe resistance zone marked in red.
He added that as long as ETH holds above the “golden pocket” zone after a breakout, the most likely outcome remains further upward. Sustaining momentum above this key area would reinforce the bullish narrative, suggesting that Ethereum could continue climbing toward higher resistance levels without facing major corrections.
However, until that breakout occurs, the analyst expects a period of consolidation around the current support band. According to the analyst, this phase would likely serve as a base for a more durable upside reversal in the future. At this time, patience remains essential, as the ongoing structure hints that Ethereum is preparing for a stronger, more sustained rally once the market confirms direction.
Featured image from Pixabay, chart from Tradingview.com
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