The Infinite Gardenの‌価格ETH

Ethereum ( $ETH ) price rally has reached a major $3,400 resistance zone, where multiple technical confluence levels raise the probability of rejection unless buyers reclaim the area with volume. Ethereum’s latest price action has been notably impulsive, with buyers driving a strong rally into a key high-time-frame resistance near $3,400. This level is now acting as a major inflection point, where the market must either break through and confirm bullish continuation, or reject and rotate lower to maintain the broader macro range structure. Ethereum price key technical points Ethereum has rallied into $3,400 high-time-frame resistance This zone includes a bearish order block, value area high, and 0.618 Fibonacci confluence Failure to reclaim $3,400 increases downside risk toward the value area low support Ethereum’s $3,400 resistance zone is structurally important because it marks a region where sellers have previously defended price aggressively. This is a level that often attracts distribution behavior, where larger participants offload into strength as retail and momentum traders attempt to chase continuation. From a market profile perspective, the value area high typically represents the upper boundary of accepted value within a range. When price rallies into this region and fails to sustain acceptance, it frequently rotates back toward lower value, especially if the broader macrostructure remains range-bound. At the same time, the bearish order block adds another layer of resistance. Order blocks often indicate zones where institutional supply previously entered the market, so the price may face heavy selling pressure as it revisits those regions. When these factors stack together, the burden of proof shifts to buyers. 0.618 fibonacci confluence and distribution risk The 0.618 Fibonacci retracement is one of the most widely respected levels in technical analysis, often acting as a pivotal decision point between continuation and reversal. Ethereum trading into the 0.618 confluence at $3,400 raises the probability that the market may experience a slowdown in momentum. This is where distribution becomes a real risk. Distribution phases often occur when price reaches a major resistance zone, volume begins to spike, and buyers struggle to push the market higher. The result is often a rejection wick, followed by acceptance, as price rotates back into the prior range. If Ethereum fails to reclaim $3,400 on a closing basis, the rally risks becoming a false breakout attempt, which would shift probability toward a pullback rather than continuation. Macro range remains the dominant framework Even though Ethereum’s recent move has been impulsive, the broader macro context still suggests the market is trading within a range. In range conditions, price often oscillates between resistance near the value area high and support near the value area low, with repeated rejections unless a decisive breakout occurs. For Ethereum, a clean breakout above $3,400 would signal a shift in that macro framework. It would suggest acceptance above resistance and confirm that buyers are strong enough to hold higher prices. However, without that acceptance, the more likely scenario is a rotational move lower, as the market returns to the lower boundary of the range to seek support and rebalance value. What would confirm a breakout? For Ethereum to break through $3,400 and sustain upside momentum, two key factors must be present: volume and acceptance. A breakout without volume is vulnerable. It often results in a quick move above resistance that fails to hold, pulling price back into the range. A true breakout, by contrast, tends to be impulsive, supported by expanding volume, and followed by multiple higher-time-frame closes above the level. If Ethereum can reclaim $3,400 and hold above it with strong participation, the market would increase the probability of continuation toward higher resistance zones beyond the current range. What to expect in the coming price action Ethereum is now at a major decision zone. The $3,400 resistance region exhibits significant technical confluence, and the market is likely to react strongly to this area. A breakout scenario requires strong volume expansion and sustained acceptance above the resistance level. Without that confirmation, the risk of rejection remains elevated, and a pullback toward the value area low becomes more likely.

ETH is going sideways from last 62 days. If we get daily close above the $3,400 level, Ethereum will blast to $4,000.

Bitcoin Pushes Toward $98K as Market Momentum Builds Bitcoin’s steady climb that started earlier this week continued over the last 24 hours, with the price reaching $98,000 for the first time in nearly two months. During this move, Bitcoin strengthened its hold on the wider crypto market, as most altcoins struggled to build on their recent gains. Ethereum, however, remains strong above $3,350 and is gradually pushing toward the $3,400 level. Bitcoin Strengthens Market Control After rallying from below $90,000 to nearly $95,000 last week, Bitcoin briefly lost momentum and dipped back. Buyers quickly stepped in, defending the $90,000 level and restoring confidence. Several attempts to clear $92,000 initially failed, but Bitcoin finally broke through on Tuesday and surged to $96,500. Selling pressure pushed the price down to around $94,500, but the pullback was short lived. By Wednesday evening, Bitcoin jumped again, touching $98,000 for the first time since mid November, despite rising geopolitical tensions. It has since eased slightly and is now trading near $97,000, up about 2.2% on the day. Bitcoin’s market value has climbed to roughly $1.94 trillion, while its share of the total crypto market has increased to 57.5%. Ethereum and Altcoins $ETH also posted gains, though at a slower pace than Bitcoin. It is up around 1% and holding above $3,350, with expectations of a move toward $3,400. BNB, TRX, XMR, and BCH recorded small gains, while XRP, $DOGE , ADA, LINK, and XLM edged lower. Other assets like HYPE, $LTC , HBAR, TAO, and CC declined, while RAIN and ICP led gains among larger-cap coins. HASH stood out with a sharp 20% surge. Overall, the total crypto market cap added about $40 billion overnight, bringing the total value to approximately $3.37 trillion.

📈 #ETH Glassnode: Ethereum’s M-o-M Activity Retention shows a sharp spike in the “New” cohort, indicating a surge in first-time interacting addresses over the past 30 days. This reflects a notable influx of new wallets engaging with the Ethereum network, rather than activity being driven solely by existing participants.