Ethereum Rebounds From Bull Market Support Band

Ethereum’s recent price action has validated one of its most reliable technical indicators—the Weekly Bull Market Support Band. According to crypto analyst Luca’s recent analysis, ETH successfully bounced from this crucial support area, reaffirming the technical strength of this historically significant level. This rebound aligns perfectly with the high-timeframe support range highlighted in Luca’s previous PAT updates, demonstrating consistency across multiple analytical frameworks.

The significance of this bounce extends beyond mere price movement. As Luca emphasized, this move was largely anticipated because the support zone has repeatedly proven to be a reliable area for bullish reactions whenever ETH enters corrective phases. The successful defense of this level indicates that buyers remain active and committed to protecting key technical thresholds, which could establish the foundation for renewed upward momentum if sustained over the coming weeks.

Despite the encouraging bounce from support, Ethereum now faces its most critical technical test at the golden pocket resistance area between the 0.5 and 0.618 Fibonacci levels. This zone represents a formidable barrier where ETH previously encountered significant selling pressure. Luca’s analysis urges caution in the short term, noting that failure to break above this region could result in sideways movement or a minor pullback before any decisive trend shift occurs.

The golden pocket Fibonacci levels represent a convergence zone where technical traders often take profits or establish short positions, making it a challenging resistance area to overcome. Historical price action around these levels suggests that breakthrough attempts often require multiple tests and substantial buying pressure. The current approach to this critical zone will likely determine Ethereum’s near-term trajectory and market structure.

According to Luca’s technical assessment, a successful breakout above the current golden pocket resistance would signal a decisive shift in Ethereum’s market structure. Such a move would confirm renewed bullish momentum and potentially pave the way for a mid-term uptrend toward the high-timeframe resistance zone marked in red on his charts. The analyst emphasized that as long as ETH holds above the golden pocket zone after a breakout, the most likely outcome remains further upward movement.

Sustaining momentum above this key Fibonacci resistance area would reinforce the bullish narrative, suggesting that Ethereum could continue climbing toward higher resistance levels without facing major corrections. The current consolidation phase around the support band, as noted by Luca, would likely serve as a solid base for a more durable upside reversal in the future. This structural setup indicates that Ethereum may be building energy for a stronger, more sustained rally once market direction is confirmed.

Until the decisive breakout occurs, patience remains essential for market participants. The ongoing technical structure hints that Ethereum is preparing for a significant move, with the current consolidation serving as a crucial accumulation phase. As Luca’s analysis concludes, the market appears to be positioning for a clearer directional signal, with the golden pocket resistance serving as the key determinant for Ethereum’s next major price movement.