Ethereum has reached a strong monthly demand imbalance at $2,880, and this level is attempting to play out with clear bullish intentions. As a supply and demand trader, I focus entirely on raw price action — no indicators, no news, no fundamentals. Everything I need is already printed on the chart.
This level represents a clean, institutional-quality demand imbalance. When price revisits such levels, it often triggers strong buying pressure and the beginning of new impulsive moves. If ETH continues respecting this zone, there is ample room for the price to reach $4,120, with potential continuation if new imbalances keep forming.
Ethereum tapped a major demand zone at $2,880, and the reaction is clear: buyers stepped in, just like they usually do when a clean, fresh imbalance takes control. The last time ETH reacted to a similar structure on the bigger timeframes, we saw extended bullish legs unfolding week after week.
Right now, the question is simple:
Will this demand level hold long enough to push ETH toward $4,120 and beyond?
Based on the current imbalance structure, the answer leans strongly toward yes.
On the daily, H4, and H1, Ethereum is starting to print new bullish impulses. Every time a new demand zone forms on the way up, it strengthens the case for a continuation to higher prices.
This multi-timeframe alignment makes ETH one of the most attractive setups for traders wanting to:
As long as the $2,880 demand imbalance remains in control, the bullish scenario remains intact, with room to move toward $4,120 and potentially higher levels. Ethereum remains one of the top cryptos to buy based on its supply and demand structure, but patience is essential. Strong imbalances take time to fully play out.