#DeepCreationCamp Ethereum (ETH) is currently trading in a decisive technical zone as bulls and bears battle for short-term control. After a strong recovery from recent swing lows, ETH has been forming higher lows on the daily timeframe, indicating underlying bullish momentum. However, price is approaching a key resistance zone where previous rejections occurred, making this a critical breakout or pullback area.

On the 4-hour chart, ETH is moving within an ascending channel. If price holds above the mid-channel support and maintains structure above the 50 EMA, bullish continuation toward the next resistance zone is likely. A clean breakout with strong volume could trigger momentum buying and push ETH toward new local highs. RSI remains in neutral-to-bullish territory, suggesting room for upside before entering overbought conditions.

On the downside, failure to hold immediate support could lead to a retracement toward the 200 EMA or the previous demand zone. Traders should watch for bearish divergence on lower timeframes, which may signal short-term exhaustion.

Fundamentally, Ethereum remains strong due to staking growth, ecosystem expansion, and continued DeFi and Layer-2 development. Market sentiment overall plays a major role, especially Bitcoin’s direction.$ETH ‌