Yigit Taha OZTURK 
Ethereum is currently forming a minor uptrend on the 4-hour chart, and its price movements signal potential new highs. A closing above $2800 could create a positive market sentiment. As the price moves above this level, the formation of an upward Fair Value Gap (FVG) could become a key level for traders to monitor. A test of this region and a healthy closure at this level could drive Ethereum into a stronger upward trend.
Key Resistance Levels to Watch
The first resistance level to watch is the previously tested downward FVG. This is a region where the price retraced before moving upward. If it is retested, there is an increased likelihood of encountering resistance at this level. This region should be closely observed by traders as the first critical level to act on.
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The second resistance is located at an untested upward FVG at higher levels. Since this level has not been tested before, the price could potentially move towards it and face significant resistance. Traders should closely monitor movements towards this zone.
Breaking $3050 Could Trigger a Rise to $3250!
If the price breaks above $3050, it could trigger a larger rally for Ethereum. Breaking this level could push the price towards $3250 and potentially higher. A breakout at these levels could lead to Ethereum testing new highs and attracting more investor interest.
Traders should pay close attention to Ethereum’s performance above these levels. For the rally to continue, it is crucial that the price remains above $2800. Any FVGs formed at this level could present significant opportunities for traders looking to take long positions.
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