Since April 7, ETH has organized an impressive rally, amounting almost 97% from $ 1,388 to $ 2,743. This powerful move upwards Attracted attention, signaling a bullish impulse renewed on the wider cryptography market. With the approaches key resistance levels, the ETH is likely to maintain its strength and push towards the next psychological step.
Will Ethereum direct the next stage of the cryptographic market rally?
In his job On X, Core has expressed strong optimism about the trajectory of Ethereum prices, noting how close the asset is to reach a new summit of all time (ATH). He said that ETH is currently trading about $ 2,608, this only requires an additional $ 2,276, which represents a movement of around 86.8% of the current levels, to reach a new record.
He stressed that Ethereum had already moved more than that in just 34 days, referring to his impressive rally from $ 1,388 to $ 2,743, a gain of almost 97%. Thus, Core suggests that the ATHS are not likely likely, they are also inevitable. His analysis highlights the strength of the current trend of Ethereum and the potential of the hand remains bullish.
Core also revealed another job This Ethereum is again at a critical time, with a price action striking at the door of the resistance around $ 2,640. This level has proven to be difficult to crack in recent weeks, acting like a ceiling that has turned upwards upwards.
If Ethereum crosses the resistance zone of $ 2,640, the next target On the radar is $ 3,200, a key psychological and technical level that aligns with previous price structures. A clean reversal of this resistance in support could open the door to a bullish continuation, because confidence in the trend would be solidified. Technical indicators are starting to tilt in favor of the Bulls, and the volume has started to increase, two signs that buyers are preparing for a move.
No overcrowding immediately or occurrence
Another analyst, Gemxbt, has common His ideas on the action of current prices of Ethereum, highlighting a consolidation phase For ETH / USDT around the level of $ 2,600. According to the press release, the technical indicators of Ethereum show the first signs of potential optimistic momentum.
GEMXBT points out that the 5 -day mobile average (4MA) has just crossed the 10 -day mobile average (10 mA). This crossover is often considered a short term Haussier signalsuggesting that buyers could start taking control if the momentum is built. However, other indicators suggest that the market is still awaiting stronger confirmation.
Looking at the graph, the relative resistance index (RSI) currently hovers near the neutral zone, which means that ETH is not exaggerated or occurring. More specifically, this neutral position indicates that the price could evolve in both directions according to the incoming volume and the broader feeling of the market.
Meanwhile, the MacD indicator (average mobile convergence of convergence) is slightly optimistic, but Gemxbt affirms that there is still lack of momentum, a sign that the bulls have not fully taken care of the market. In terms of key levels, GEMXBT identifies $ 2,550 as a support area and $ 2,650 as resistance level. A decisive rupture above the resistance can rekindle the momentum upwards, while a shift below the support can point out a short-term correction.
Adobe Stock star image, tradingView.com graphic
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