Ethereum has once again proved its resilience and bounced strongly from a long -term rising line of support that has consistently led to Stora Rally in the past. This rising trend line signals renewed confidence from buyers every time it is tested. The latest Rebound, which takes place with visible strength, suggests that Ethereum may be on its way for another powerful move higher.
Ethereum’s trusted trend line strikes again – Bulls recycles control
According to Unichartz, in a new post At X, Ethereum has once again delivered a powerful bounce from its long -term rising line of support, a level that has consistently served as the Major start plate up moving in previous cycles. This trend line has proven to be more than just a visual guide; It is a psychological and technical impact land where raisy feeling has repeatedly resurrected, which helps ETH to defy downward pressure when it is most important.
Unichartz further emphasized that this marks the third time ETH has successfully recovered from this trend line and adds further credibility to its role as a reliable level of support. With this repeated validation, the trend line is now firmly established as a foundation for Ethereum’s hausse -like structure.
Looking forward, if ETH manages to break decisive over $ 2,030 to $ 2,160 resistance zoneIt could open the door to a significant move towards the $ 2540 level. This scenario sets the scene for renewed confidence in Ethereum’s long -term track.
MACD and RSI indicators suggest that renewed hausseartat momentum
In the world of technical analysis, the moving average convergence diver’s (MACD) and relative Strength index (RSI) indicators are among the most reliable signaling potential tools market movements. Currently, both indicators are proposing a possible resuscitation of haussearted momentum and pay attention to the price measure.
The 1-day MACD has recently moved into a positive territory, the MACD line crosses above the signal line, which often indicates the beginning of strong speed. When combined with a volume increase, the transition becomes even more significant, showing the potential of an expanded rally.
On the other hand, 1-day RSI has gradually climbed and sits in the neutral to somewhat haus-like zone, which means that the supply is not yet over purchase. A reading over 50 generally suggests positive momentum, and as RSI continues to trend higher reinforces the dissertation that the market is preparing for one break-out.
Together, these two indicators adapt to support the perception of a renewed momentum. Traders should see for confirmation, especially when price measures break through key resistance levels, which would validate the signals from MACD and RSI.
Image from Pexels, charts from tradingview.com
Editorial process For Bitcoinist is centered on delivering thoroughly investigated, correct and impartial content. We maintain strict purchasing standards, and each page undergoes frequent review of our team of top technological experts and experienced editors. This process ensures integrity, relevance and value of our content for our readers.
