Ethereum Daily Chart Turns Green As ETHBTC Prepares For Lift-Off

In a recent post on X, crypto analyst CRYPTOWZRD shared a bullish daily technical outlook for Ethereum (ETH), highlighting a strong close that suggests further upward movement is ￰0￱ analyst’s primary expectation is for more gains to follow as the ETH/BTC pair begins to ￰1￱ key relationship is a central focus for the analyst, as a strong performance from Ethereum against BTC often signals a broader bullish period for ETH ￰2￱ And ETHBTC Daily Candles Flash Strong Bullish Close Giving a detailed market update, CRYPTOWZRD highlighted that both Ethereum’s daily candle and the ETHBTC pair closed strongly bullish. ETHBTC’s surge occurred as Bitcoin’s dominance weakened, providing altcoins with room to build ￰3￱ shift marked a significant move for Ethereum, reflecting renewed strength in the broader market ￰4￱ Reading: Ethereum (ETH) On The Brink Of A Major Supply Crisis: What It Means For Investors According to his analysis, ETHBTC successfully broke out of its daily falling wedge pattern, a move that often signals the start of a bullish ￰5￱ mirrored this strength, pushing higher alongside the breakout, which further reinforced optimism among traders who have been watching closely for signs of sustained upside ￰6￱ key levels, CRYPTOWZRD highlighted that $5,000 remains the primary daily resistance for Ethereum.

A decisive break above this threshold could ignite an impulsive rally, potentially driving ETH toward the $5,780 resistance zone or even ￰7￱ the downside, $4,000 is seen as the critical daily support, providing a safety net for bulls should price action cool off in the short ￰8￱ the strong outlook, he noted that his primary focus will stay on the lower time frame chart formations for tomorrow, as these provide opportunities for quick scalps and short-term trades. However, with the weekend approaching, CRYPTOWZRD is maintaining a rational ￰9￱ Offers Both Risk And Opportunity In The Current Setup Crypto analyst CRYPTOWZRD has stated that the intraday chart for Ethereum is showing significant volatility, with more expected in the near ￰10￱ high level of fluctuation is something he is prepared for and is a normal part of the market as it searches for a new ￰11￱ Reading: Ethereum Bulls on the Back Foot – Can Momentum Return Soon?

In the meantime, CRYPTOWZRD has outlined two potential ￰12￱ BTC’s price pulls back toward the $4,500 level, it will then show a clear bullish ￰13￱ scenario would be if Ethereum holds strong and breaks above the $4,765 resistance, it would signal a new upward leg. Ultimately, the analyst advises exercising patience and waiting for the market to present a clear, healthy trade ￰14￱ cautious approach acknowledges the current volatility, and the market’s next move will dictate the next best ￰15￱ image from iStock, chart from ￰16￱