#深度创作营 Ethereum ($ETH) continues to trade within a medium-term bullish structure, holding above key dynamic support levels despite recent volatility. Price action shows higher lows forming on the daily timeframe, suggesting accumulation rather than distribution. The 50-day EMA remains above the 200-day EMA, maintaining a golden-cross structure that supports the broader uptrend bias.

On the 4H chart, ETH is consolidating inside a tightening range after a recent impulse move upward. This compression often precedes expansion, meaning a breakout is likely approaching. Immediate resistance sits near the recent swing high zone, while strong support lies around the previous breakout level and psychological round numbers. A clean break above resistance with strong volume confirmation could trigger continuation toward the next liquidity pocket.

The RSI indicator is hovering around the neutral 50–60 zone, indicating neither overbought nor oversold conditions. This leaves room for upside expansion if momentum strengthens. MACD momentum remains slightly bullish but is flattening, reflecting short-term indecision.

From a derivatives perspective, funding rates are relatively stable, suggesting the market is not overheated. Open interest trends imply cautious positioning rather than aggressive leverage buildup.

Bullish Scenario: Sustained breakout above the current range could target higher resistance clusters, fueled by renewed buying pressure and potential Bitcoin strength correlation.

Bearish Scenario: A rejection at resistance combined with declining volume may push ETH back toward major support. Loss of that zone could open the door to deeper retracement levels.$ETH