Artem Voloskovets
Ethereum is holding its long-term bullish case as it consolidates inside a monthly fair value gap — a zone that previously marked a major market bottom. Despite short-term weakness, macro structure remains intact, and the current price action looks more like rebalancing than reversal.
ETH Reacts at Monthly Fair Value Gap
⬤ Ethereum has formed a higher high on the higher-timeframe chart and is now sitting inside a monthly fair value gap — the same imbalance area that previously triggered a significant bottom. Price is reacting precisely from this zone while holding well above the previous swing low, which means the broader bullish structure hasn't been invalidated.
⬤ What makes this setup meaningful is that the market continues to respect higher-timeframe levels rather than breaking down impulsively. The reaction here mirrors prior accumulation behavior, where ETH stabilized inside an imbalance zone before continuing higher. For more context on how these zones shape price direction, see the full breakdown: ETH liquidity clusters analysis.
Structure Intact — Higher Lows Still in Play
⬤ The recent decline didn't break the previous macro low. ETH continues to print higher lows on the long-term chart, which is the backbone of any bullish trend. Repeated rejection below resistance doesn't automatically kill the trend — a point explored in depth here: Ethereum struggles at $3,000 resistance. The current move looks more like the market rebalancing inefficiencies than a structural breakdown.
⬤ The bigger picture is about positioning, not immediate direction. As long as ETH holds above the previous low, the bullish structure stays intact. Fair value gaps act as decision zones — and right now, the market is using this one to determine whether the next larger move is up or sideways.
Artem Voloskovets
