#CelebratingNewYearOnGateSquare Ethereum is currently trading within a constructive bullish structure, mirroring broader crypto market strength while maintaining its own technical momentum. On the daily timeframe, ETH continues to print higher lows, signaling sustained buyer interest. Price remains above the key moving averages, confirming trend alignment in favor of the bulls.

On the 4H chart, Ethereum is consolidating just below a short-term resistance zone formed by a recent swing high. This compression pattern suggests volatility expansion is approaching. Volume has slightly declined during consolidation, which typically precedes a breakout move. The 50 EMA is acting as immediate dynamic support, while the 200 EMA sits significantly lower, reinforcing bullish structure.

RSI on the 4H timeframe is hovering around 52–58, indicating neutral-to-bullish momentum with room for upside continuation. MACD is flattening near the zero line and showing early signs of a potential bullish crossover, which could act as confirmation if price breaks resistance.

Bullish Scenario:
A strong 4H or daily close above the current resistance with increased volume would likely trigger continuation toward the next supply zone. Breakout traders may enter on confirmation, while conservative traders could wait for a retest of the breakout level. Upside targets align with prior liquidity clusters and psychological resistance areas.

Bearish Scenario:
If ETH fails to clear resistance and prints rejection wicks with declining momentum, a pullback toward the range support becomes likely. A breakdown below that support would shift short-term bias bearish and potentially open room for a deeper retracement.

Trading Plan Idea:
• Entry: Breakout or retest strategy
• Stop loss: Below recent higher low
• Targets: Scale out at key resistance levels$ETH