Since April 7, ETH has completed an impressive rally and climbed almost 97% from $ 1,388 to $ 2,743. This powerful upward movement Has caught attention and signaled renewed hausseartat momentum over the wider crypto market. As key resistance levels approach, ETH is likely to retain its strength and drive towards the next psychological milestone.
Will Ethereum lead the next part of the Crypto Market Rally?
In his post At X, Core expressed strong optimism about Ethereum’s price track and noted how close the availability is to reach a new highest time (ATH). He stated that with ETH, which currently deals with about $ 2,608, it requires only another $ 2,276, which is about 86.8% features from current levels to reach a new record.
He pointed out that Ethereum was already moving more than in just 34 days and referred to its impressive rally from $ 1,388 to $ 2,743, a profit of almost 97%. Thus, Core suggests that ATHS is not only likely, they are also inevitable. His analysis highlights the strength of Ethereum’s current trend and the potential for continued upwards, especially about the broader market entry Remains Hausse.
The core also revealed another post The fact that Ethereum is again at a critical time, with a price measure knocking on the resistance door around $ 2,640. This level has proven to be difficult to crack in recent weeks and acts as a roof that has limited upward speed.
If Ethereum breaks through the $ 2,640 resistance zone, next CASE At the radar is $ 3,200, an important psychological and technical level that is consistent with previous price structures. A pure flip of this resistance in support can open the door to a haus article, as confidence in the trend would be solidified. Technical indicators are starting to lean in the benefit of the bulls, and the volume has started to rise, two signs that buyers are preparing for a move.
No immediately over -bought or oversold
Another analyst, GEMXBT, has shared his insights on Ethereum’s current price action and highlights a consolidation phase For ETH/USDT around $ 2,600 level. According to the statement, Ethereum’s technical indicators show early signs of potentially hausseartat momentum.
GEMXBT points out that the 5-day sliding mean (4MA) has just crossed over 10-day sliding average (10MA). This crossover is often seen as a short -lived Haus signalIt suggests that buyers can start taking control if speed is being built. However, other indicators indicate that the market is still waiting for stronger confirmation.
When looking at the chart, the relative strength index (RSI) is currently floating near the neutral zone, which means that ETH is not overcape or over -age. Specifically, this neutral approach indicates that the price may move in either direction depending on the incoming volume and wider market term.
At the same time, MACD (moving average convergence diver’s) indicator is somewhat hausse, but GEMXBT claims that it still lacks strong speed, a sign that bulls have not taken over the market. In the case of key levels, GEMXBT identifies $ 2550 as a support zone and $ 2,650 as a resistance level. A decisive interruption over the resistance can re -enter upwards momentum, while a slip during the support can signal a short -term correction.
Trained Image from Adobe Stock, charts from tradingview.com
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