- Ethereum retests Tenkan-sen and upper Fair Value Gap at $3,600, maintaining a bullish structure and confirming strong buyer interest.
- Stacked Fair Value Gaps at $3,350 and $3,150 serve as layered support, strengthening Ethereum’s structure for potential upward continuation.
- As long as ETH stays above the Kijun-sen and FVG zones, bulls remain in control with momentum favoring a move toward $4,100.
Ethereum hit important technical resistance areas this week and defended well and the price structure now indicates further bullish movement.
Ethereum Maintains Bullish Structure Above Ichimoku Cloud
Ethereum (ETH) is now above the Ichimoku Cloud, suggesting a strong buy signal. The recent retest of the Tenkan-sen and the upper Fair Value Gap (FVG) around $3,600 was successful. This retest confirms market confidence as the price remains stable above these levels.
Analysts noted that ETH is showing no bearish divergence or weakening momentum at this stage. The price holding above the Tenkan-sen, along with firm support from the Fair Value Gap, points to continued interest from buyers. As long as Ethereum maintains its structure above the Kijun-sen and the FVG levels, the upward trend remains intact.
Institutional Demand Confirmed by Whale Accumulation
On-chain data indicates that large holders are actively accumulating Ethereum. According to BitBull , since July 7, nine wallets have added 614,000 ETH, equivalent to over $2.1 billion. This accumulation accounts for nearly 0.5% of Ethereum’s total circulating supply.
This aggressive buying does not yet include institutional inflows through ETFs or corporate treasuries. The ongoing accumulation pattern suggests Ethereum is gaining traction among smart-money participants. The scale and timing of these transactions point to growing confidence in ETH’s long-term performance.
Layered Fair Value Gaps Provide Support Zones
The chart shared by Titan of Crypto highlights stacked Fair Value Gaps below current price levels. Potential supports are found at $3,350 and $3,150 in these zones, and they serve to strengthen the structure of Ethereum.
As long as the price stays above these key support levels, the structure of the market remains bullish for a further advance. Ethereum looks set to break towards the next resistance range of $3,850 – $4,100. This scenario is supported by technical signals and strong on-chain activity.
Ethereum’s current price is $3,732.13, reflecting a 2.91% increase in the past 24 hours and a 4.95% rise over the past week.
