#GateTradFi1gGoldGiveaway, Ethereum is currently trading in a consolidation phase after a strong recovery from recent lows. On the daily timeframe, ETH continues to hold above its 50-day moving average, which is a bullish sign indicating that buyers remain in control. The price is also forming a higher-low structure, suggesting that the overall trend is shifting from bearish to bullish. Volume has slightly increased during green candles, showing accumulation by smart money rather than retail panic buying.

On the 4-hour chart, ETH is moving inside an ascending channel. Price is respecting the lower trendline support and repeatedly bouncing upward. The Relative Strength Index is around the neutral to slightly bullish zone, meaning there is still room for upside before the market becomes overbought. MACD has recently crossed above the signal line, which is an early sign of momentum turning positive.

Key support lies near the recent demand zone where buyers have stepped in multiple times. As long as ETH holds above this support, bullish continuation remains the higher probability. Immediate resistance is located near the previous swing high, where some profit-taking may occur. A clean breakout above this level with strong volume could trigger a sharp move higher.

Trading plan:
Buy on pullbacks near the main support zone or on a confirmed breakout above resistance. Stop loss should be placed slightly below the recent higher-low to protect against false breakouts. First take-profit can be set near the previous high, while the second target should be aimed at the next major resistance on the daily chart.

Market sentiment around Ethereum is improving due to growing network activity, increased staking, and expanding layer-2 adoption. These fundamentals support a bullish technical structure, making ETH attractive for swing traders and short-term investors.

Overall bias for ETH remains bullish, but patience is required. Wait for either a pullback to support or a confirmed breakout before entering to avoid getting trapped in short-term volatility 📈$ETH