Technical analysis by Quant_Trading_Pro about Symbol ETH on 17 hour ago

Ethereum is consolidating beneath the all-time high resistance at $4,844, with price respecting a strong ascending trendline support. A breakout above resistance could open the door to new highs, while failure here risks a retest of lower Fibonacci retracement zones. Key levels to watch: Resistance: $4,844 (ATH supply zone) Support: Trendline currently near $4,400 Downside Fib Levels: $3,536 (0.5), $3,203 (0.618 golden pocket), $2,728 (0.786) The Stoch RSI has reset into oversold territory, suggesting momentum could recharge for another leg higher — but the reaction at this resistance will be critical. A daily close above ATH confirms strength, while rejection could send ETH back into the Fib retracement zone. Traders should watch for trendline breaks or daily closes above $4,844 for directional cues.