ETH/USD continues its upward movement this week, aligning with the broader crypto market recovery driven by improving geopolitical sentiment and renewed interest in risk assets. The price has already reached a four-week high near 2270, bringing it directly to a critical resistance zone. Market Context Risk appetite has strengthened following reports of a temporary truce between the United States and Iran, reducing short-term geopolitical pressure. While the situation remains fragile, the current environment supports capital inflows into higher-risk assets such as cryptocurrencies. At the same time, institutional interest continues to expand. The upcoming launch of the Morgan Stanley Bitcoin Trust (MSBT) on the NYSE highlights growing competition in the ETF space alongside major players like BlackRock and Fidelity. This reinforces the long-term narrative of crypto market institutionalization. Despite this, sentiment indicators remain cautious. The Fear and Greed Index has recovered but is still in the “extreme fear” zone, suggesting that the current rally may lack strong conviction. ⸻ Technical Analysis ETH/USD is now testing the upper boundary of a long-term descending channel near 2250, a key pivot level. • Bollinger Bands: flattening, indicating consolidation • MACD: near zero, weak momentum • Stochastic: overbought, potential bearish crossover • Weekly trend: still bearish Price action resembles a bearish flag formation, which typically signals continuation of the broader downtrend. ⸻ Key Levels Resistance: • 2250 - channel resistance • 2500 - strong supply zone • 2750 - Fibonacci 61.8% Support: • 2000 - key breakdown level • 1750 - mid-term target • 1500 - major support ⸻ Trading Scenarios Primary Scenario (Bearish Breakdown): • Entry: below 2000 • Targets: 1750, 1500 • Stop Loss: 2165 Alternative Scenario (Rejection from Resistance): • Entry: around 2500 • Targets: 1750, 1500 • Stop Loss: 2680 ⸻ Outlook While short-term momentum remains positive, ETH/USD is approaching a decisive resistance zone. Without a confirmed breakout above 2250, the broader downtrend structure remains intact. A false breakout or rejection could trigger a renewed decline, especially given weakening technical indicators and unresolved macro risks.

Clean Break & Expansion Strong impulsive move through $2,170 resistance on high volume confirms bullish intent Holding the Highs Price consolidating just below $2,270 after the breakout — typically continuation behaviour Support Structure Below $2,170 now key flipped support, with deeper demand around $2,084–$2,064 Volume & Momentum Context Breakout backed by volume, but current consolidation shows declining volume RSI & Stoch RSI both elevated — momentum stretched short-term In Summary ETH has broken structure with strong volume and is now consolidating near highs — a bullish sign if it holds. The $2,170 level is key support to maintain continuation. While momentum is currently overextended, the low-volume consolidation suggests this is more likely a pause than a reversal. Holding highs keeps upside pressure intact.

Right now, ETH BINANCE:ETHUSD is sitting around $2,129, up nearly 4% in the last 24 hours. Market cap is about $257 billion, with 24-hour volume at roughly $13.2 billion. Compared to its all-time high of nearly $4,953 back in August 2025, the price is still quite a bit lower. In the short term, from April to May 2026, ETH is contracting inside a wedge pattern. Key support sits between $1,800 and $2,000, while resistance is at $2,300 – $2,500. If it holds this support well, the price could head toward $2,200 soon. A big positive coming up is the Glamsterdam upgrade expected in June 2026. History shows that major Ethereum upgrades often push the price up 20-40% beforehand, thanks to expectations of better scaling and higher adoption.  Even though ETH ETFs saw some light outflows recently, institutional money still looks positive in the longer run. For the long-term outlook to 2030, Ethereum has solid and sustainable growth potential. Looking at the weekly chart, you can clearly see it’s trading inside a long-term ascending channel with higher lows. 

Ethereum (ETH/USD) could make a short-term pullback towards the pivot, which has been identified as a pullback support and could bounce towards the 1st resistance. Pivot: 2,179.68 1st Support: 2,063.69 1st Resistance; 2,353.65 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.

Perfect plan following by ETH Now we can move stop to flat and will wait for some move up before going down BINANCE:ETHUSDT.P

On the Daily timeframe, ETHUSDT has delivered a strong bullish impulse, breaking out of consolidation and pushing aggressively into premium territory. The current structure shows continuation strength, but with early signs of slowing momentum near recent highs, suggesting that price may soon transition into a rebalancing phase. Price is trading well above the equilibrium (0.5) level, confirming a premium environment. However, a significant Fair Value Gap (FVG) remains below current price, created during the impulsive move. This imbalance represents inefficiency and acts as a magnet for price, indicating a likely retracement at some point. At the same time, there is still Buy-Side Liquidity (BSL) resting above the recent highs. This creates a classic ICT setup where price may continue slightly higher first, sweeping liquidity before reversing. Expected narrative: Continuation into highs → liquidity sweep → rejection → FVG fill The projected path suggests that ETH may push further into premium (toward the 1.0 range), taking out stops above the highs. This move would complete the liquidity objective before price shifts into a bearish retracement, targeting the Daily FVG and potentially deeper into discount levels. Key observations: Strong bullish impulse = bullish context but extended Price in premium = risky for new longs Liquidity above highs = short-term target FVG below = main draw after sweep Execution idea: Wait for price to take out highs and show rejection, then look for lower timeframe CHoCH/BOS as confirmation for short positions targeting the imbalance below. Invalidation occurs if price continues to expand and hold above highs, confirming sustained bullish continuation without meaningful retracement. This is not financial advice. Always apply proper risk management.

1.bos 2. pull back Vol POC and FVG 3.footprint delta positive,buy imblance 4.Long Easy

The Iran ceasefire headline added $120B to total market cap in 10 hours. ETH used every dollar of it to deliver price directly into a pre-identified FVG/OTE confluence zone — $2,243 to $2,271 — on the 6H. This is not coincidence. This is structure. CAP Framework read: Gate 1 — Regime: Corrective. The macro structure is a descending series of ABC corrections. The rally off the April low is Wave (C) of the second corrective sequence — not a new impulse. Gate 2 — BOS: No confirmed change of character on the higher timeframe. The corrective count remains intact. This move does not break structure — it fills it. Gate 3 — OTE: Price is printing inside the 0.236–0.295 Fibonacci retracement zone ($2,243–$2,271), confluent with an open Fair Value Gap from the March distribution. This is the institutional order block. This is where the composite man has been waiting. Projection: The corrective ABC from current levels targets: — TP1: $1,937 (-18.77% from OTE) — TP2: $1,856 (measured move, prior structure) Invalidation: Clean 6H close above $2,327 (0.118 fib) collapses the corrective thesis. The news gave retail confidence. The structure gave operators a location. Those are not the same thing.

The setup shown is: 3 EMAs: 20, 50, 100. Long only when 20 EMA > 50 EMA > 100 EMA, and price pulls back below the 20 or 50 EMA but not below the 100 EMA, then a bullish Williams Fractal appears. Short is the reverse. Stop loss is around the 50 EMA, or 100 EMA if price pulled deeper.

So my Bitcoin pivots are literally grade A so it made me want to look at other crypto to create pivots for. Ethereum's structure has been sideways for quite awhile which made me not really confident in creating pivots however these line up well with proposed elliott wave points and supply/demand levels. ------------------------------------------------------------------------------------------------------------------- These are the equilibrium levels for the current structure in ETH Levels are derived from internal framework using structure and geometric relationships—not time-based inputs. Focus is not on prediction, but on order flow response at price. Reaction at each level determines outcome: – Acceptance → continuation within value – Rejection → rotation away – Failure → discovery beyond the range