Peace Talks Hint at Market Boost as Ethereum Eyes Fresh Highs

Ethereum trades above $4,050 support after reclaiming trendlines, while dips continue to attract strong buying interest.

Long term channel from 2018 shows support at $2,950 and resistance projections extending toward $7,000–$10,000.

Short term caution emerges as RSI eases to 58.86 and volume drops, raising risks of a pullback toward $3,200.

Reports suggest U.S. officials will meet President Volodymyr Zelensky to discuss potential territorial concessions as part of peace efforts. At the same time, European leaders are expected in Washington to hold talks with U.S. President Donald Trump

These developments are leading to speculation of progress in negotiations, with analysts noting the possible impact on global financial sentiment. Ethereum has reclaimed key technical levels, attracting strong capital inflows and supporting bullish momentum

Long-Term Channel Defines Ethereum’s Macro Trend

Ethereum’s broader price structure is shaped by an ascending parallel channel stretching from 2018 through 2025. This channel has consistently contained both support and resistance movements, with the midline repeatedly acting as key

Between mid 2022 and late-2023, the digital asset consolidated in a symmetrical triangle before breaking out with strength. That breakout triggered the ongoing advance, supported by historical accumulation zones.

Key levels remain in focus within this structure. Support nears $2,950, its equivalent of the past breakout point. Additional layers in the area $1,750 to $1,350 also carry significance as key spots for 2022 and 2023 accumulation areas.

On the upside, ETH has tested the channel top at $6,500. Further strength above $6,150 could perpetuate the trend, while estimates suggest levels of resistance from $7,000 to $10,000 may be in sight if the breakout continues.

Rising Channel Breakdown Brings Short-Term Caution

While the macro trend points higher, short term signals suggest caution. Ethereum recently slipped below a rising channel that guided its advance from May through August. Bollinger Bands data shows price retreating from the upper band at $4,873.34 to the middle band near $4,054.20, which now serves as immediate support. A decline beneath this level may expose the lower band support at $3,235.06.

ETH/USD 1-day price chart, Source: TradingView

Momentum indicators reflect weakening pressure. The RSI is at 58.86, down from an overbought level above 70 earlier this month. Volume has also dropped to 16.04K, highlighting reduced buying activity compared to earlier breakout phases.

Key Levels and Ethereum Next Move

Short term trading will be dependent on whether Ethereum can maintain over $4,050. A hold above this level continues the current uptrend and provides an opening for retesting $4,480-$4,500 levels, with the higher range just below $4,870 still within range.

However, a long-term breakdown could attract price to $3,600–$3,200, which aligns with previous consolidation regions. Analysts view the broader structure as bullish, even as the market tries to break short term pullbacks.

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