Ethereum is consolidating just beneath its 200-day moving average—a critical technical level. The recent clean break above resistance signals a potential trend reversal, which could trigger a swift rally toward the $3.8K to $4K range. This setup looks exceptionally bullish for ETH. The confluence of reclaiming key support and testing the 200-day EMA creates a compelling technical narrative for upside momentum. Traders are eyeing whether this consolidation transforms into the catalyst for the next leg higher.
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NervousFingers
· 7h ago
200-day moving average breakdown? Can this wave push to 4K, feels uncertain
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ForkLibertarian
· 7h ago
The 200-day moving average is really a critical point; if it can't break through, it's a bear trap.
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BlockchainArchaeologist
· 7h ago
The 200-day moving average at this critical level, it really feels like this wave is about to break through...
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GasFeeBarbecue
· 7h ago
Did the 200-day moving average resistance break? Then just wait and see if it can reach 4k, feels a bit uncertain this time.
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MidnightSnapHunter
· 7h ago
Did the 200-day moving average hold? Then I have to push forward. I bet on 3.8-4K.
Ethereum is consolidating just beneath its 200-day moving average—a critical technical level. The recent clean break above resistance signals a potential trend reversal, which could trigger a swift rally toward the $3.8K to $4K range. This setup looks exceptionally bullish for ETH. The confluence of reclaiming key support and testing the 200-day EMA creates a compelling technical narrative for upside momentum. Traders are eyeing whether this consolidation transforms into the catalyst for the next leg higher.