- •Ethereum retests its higher timeframe demand zone near $4,120 after repeated defenses of the same structural level.
- •Bitcoin trades close to its higher timeframe buy zone, strengthening confluence for a potential crypto market reversal.
- •Analysts expect a possible wick into the $3,850–$3,600 zone before Ethereum rebounds toward $5,000.
Ethereum (ETH) is retesting its range lows through a sharp cyclical phase of correction and it is trading at a key demand zone which has been used in the past to initiate significant bullish reversals. With Bitcoin simultaneously approaching its higher timeframe buy zone, market confluence suggests that the current structure could be setting the stage for a potential recovery across leading digital assets.
Ethereum Revisits Key Range Lows
Ethereum has once again challenged its greater-period support zone, and the 12‑hour chart depicts a definite retest of the $4,120 zone. This area has repeatedly served as a base for strong upside recoveries, forming a developing triple‑bottom structure that suggests seller exhaustion.
The failed breakout attempt above $4,850, marked by a sharp rejection, initiated the current corrective leg. That pullback has since driven price action back into the established higher timeframe demand zone. Rounded “U” shaped wicks along this level signal repeated absorption of selling pressure — a technical behavior often seen near major inflection points.
Ethereum (ETH) is trading at the time of writing, at a price of 3,784.33, a fall of 12.53 percent in the last 24 hours and 15.97 percent in the last week. The volatility in the short term is evident, but the market structure is resilient historically at the current levels indicating that the accumulation interest of long‑term participants is likely to remain.
Confluence With Bitcoin’s Higher Timeframe Zone
Market confluence has become a key talking point among analysts as both Ethereum and Bitcoin approach overlapping areas of demand. According to CrediBULL Crypto, “confluence like this is usually a good sign,” adding that Bitcoin is only “a hair away from the HTF buy zone.”
This correspondence is also usually followed by coordinated crashes in significant cryptocurrencies. Bitcoin (BTC) is as of writing, trading at approximately $111,909, having fallen by 7.81% in the last 24 hours, and is close to one technical support level which has traditionally drawn in large‑scale accumulation. With a potential further push by Bitcoin, Ethereum may briefly wick to the blue demand zone of 3850 to 3600 and settle in the area of the greatest liquidity concentration.
Such a wick would represent a typical liquidity grab — shaking out leveraged long positions before the next expansion phase. Historically, these sweeps often precede strong upside reactions as institutions and long‑term holders accumulate at favorable valuations.
Setup for the Next Upward Phase
In spite of this short term volatility, the overall technical position of Ethereum is structurally bullish in the longer term. The pattern of higher lows established since August continues to validate underlying strength in market structure. This repeated defense near range lows reinforces investor confidence in the $3,800–$4,100 zone.
In case the support still holds, the next technical goal is approximately around the level of $5,000, which coincides with the estimated move based on the triple‑bottom base, and the September high. Structural strength would be established through a breakout above the level of $4,850 and this would be the possible start of a new rally leg.
As CrediBULL Crypto observed, this degree of cross‑asset alignment rarely occurs coincidentally. With both Ethereum and Bitcoin positioned near major technical zones, traders and investors are now turning their focus toward strategic accumulation and long exposure. The market’s reaction in this region may define the next major phase in the broader cycle — one potentially driven by renewed conviction and higher timeframe momentum.