The price of Ethereum is currently showing upward momentum and is trading near the value area high (VAH) of $4,023. Analyst CJ has identified critical levels for ETH/USD and highlights potential bullish and bearish scenarios. Ethereum is currently within a well-defined range and its next steps are being closely watched.

A breakout above the VAH of $4,023, followed by a retest, could confirm a bullish continuation and push the price towards the resistance zone between $4,023 and $4,087.73. This would reflect strong buying momentum. However, failing to hold above the VAH could lead to a bearish reversal, with the price potentially testing the value area low (VAL) at $3,729.32.

Ethereum has displayed strength around the minor demand zone within its current range, indicating short-term support. Additionally, the VAL zone near $3,729 aligns with the broader demand area, suggesting strong buying interest and potential reversals if tested.

Volume analysis reveals high activity around the key support and resistance zones, indicating their importance. Ethereum is at a crucial crossroads, and a breakout above $4,023 could trigger a bullish rally, while a rejection could result in further downside testing of lower demand zones.



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