Key Insights:
- Ethereum holds steady above its Weekly Bull Market Support Band after recent tests.
- Analysts see upside potential if ETH sustains support above the green zone.
- The golden pocket resistance remains a key hurdle before further bullish continuation.
- Traders are advised to prioritize risk management and maintain a moderate portfolio exposure.
Ethereum Price Maintains Key Support Zone
Ethereum has maintained its position above the Weekly Bull Market Support Band, a level that has served as a reversal point over recent weeks. This support area has acted as a cushion for buyers, preventing deeper pullbacks and providing a foundation for potential upward continuation.
According to crypto analyst Luca, this zone aligns with a higher-timeframe support level that was a major resistance throughout much of 2024. He noted that this confluence suggests continued strength as long as ETH trades above this zone. Traders are closely watching this level to determine whether Ethereum can sustain its bullish momentum in the short term.
Resistance Ahead at Fibonacci Golden Pocket
Despite the current stability, Ethereum faces a strong resistance area known as the golden pocket. This range lies between the 0.5 and 0.618 Fibonacci retracement levels and was the origin of the last price rejection. Luca cautioned that “until ETH breaks above this range, the market may continue to consolidate within the broader accumulation zone.”
The ongoing consolidation suggests that traders should remain careful. Market participants are likely to wait for a clear breakout above this resistance before expecting sustained upward movement. The live Ethereum price today is $ 3,852, with a 24-hour trading volume of $42.335B. Ethereum is down 0.03% in the last 24 hours.
Analysts Emphasize Risk Management and Portfolio Balance
Luca also advised caution, stressing the importance of managing risk and avoiding heavy leverage. Investors should maintain a moderate exposure and keep a balanced portfolio with defensive assets. This approach aims to protect traders during volatile market phases while preserving flexibility to capitalize on potential opportunities.
He added that keeping a cash buffer is essential. Should Ethereum fall below the support band, it could “signal deeper downside risk,” prompting traders to hedge part of their holdings. The emphasis remains on patience, discipline, and steady positioning as the market approaches the later stages of the crypto cycle.
