Ethereum’s technical structure is improving, with analysts pointing to the most constructive chart all year and the formation of bullish liquidity clusters that heavily favor the upside. According to several market observers, the ETH chart has begun to look significantly healthier, supported by both a breakout of a key descending trendline and a major imbalance in liquidity.
Crypto analyst Doctor Profit, known for accurate calls, has shifted his portfolio strategy to accumulate more ETH than BTC for the first time, expecting the asset to outperform Bitcoin in the coming bull phase. He highlighted that liquidity clusters have formed both above and below the current price, but the upside cluster is 20 to 30 times larger than the downside, suggesting that any decline would likely be limited while a powerful rally is the more probable next move.
On the daily timeframe, ETH is trading near $1,920 and has pushed above a descending white trendline that had capped price since the broader decline. However, a decisive confirmation still requires clearing the 100‑day moving average around $1,940 and the larger resistance zone between $2,050 and $2,150, where the 200‑day MA also converges. Short-term momentum is more encouraging on the 4‑hour chart: after setting a sequence of higher lows from the early‑August bottom, price is now consolidating just below the $1,950–$1,980 resistance box. A breakout above this area would open the path toward $2,000 and potentially challenge the broader ascending structure.
On‑chain and derivatives data add a constructive backdrop. The 14‑period funding‑rate EMA remains positive but has fallen significantly from its June peak, indicating that Ethereum’s price recovery is not accompanied by an overheating of leveraged long positions. This healthier positioning could reduce the risk of a sharp flush if resistance is eventually broken. Still, the market remains at a critical juncture: a sustained move above the $1,940–$1,980 band is needed to turn the short‑term bias firmly bullish, while rejection would likely send ETH back toward the $1,800–$1,840 support region.
