With most cryptos in the red today, Ethereum stood strong. Let’s take a closer look at whether the technicals support this strength.
ETH Price Analysis
Ethereum is finally showing signs of life. It just pushed above the 200-day moving average and the 50% Fibonacci retracement level. That’s a big deal — and a pretty solid bullish signal.
Momentum? Yep, it's there. The RSI is sitting at 71, which means buyers are in control. Add to that a fresh EMA crossover — the 50-day EMA just crossed above the 100-day — and the setup is looking stronger by the hour.
MACD? Also turning a corner. The histogram bars are still below zero but fading fast. That’s usually a sign the trend wants to flip.
But here’s the catch: we don’t have a confirmed close above those key levels just yet. ETH is knocking on the door — it just hasn’t stepped through. Until we see a daily candle finish above $2,748, the breakout isn’t official.
If bulls lose steam, $2,607 is the safety net. That’s your first support zone if things cool off.
So what’s the move? If you like to play it safe, wait for the daily close above $2,748. That’s your green light. But if you’ve got a higher risk tolerance, you might take the early entry and ride the wave — just manage your stops tight.
Upside target? $3,070 at 61.8% Fibonacci Retracement Level. That’s the next key level to watch.
