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Ethereum has maintained its bullish structure after climbing from the $1,869 swing low. ETH now trades around $2,460 and continues to challenge the $2,500 psychological barrier.
The 20 EMA at $2,433 provides immediate support beneath the current price. Moreover, the 50 EMA at $2,291 reinforces the broader bullish structure. The 100 EMA and 200 EMA remain at $2,150 and $2,030.
ETH also holds a BB %B reading of 0.72, indicating solid momentum without extreme overextension. Therefore, buyers could attempt another push above $2,500.
A decisive break could expose the $2,546 resistance level. Above that point, Ethereum could gain momentum toward higher targets. However, losing $2,401 would weaken the setup and expose $2,291.
$ETH
Ethereum has maintained its bullish structure after climbing from the $1,869 swing low. ETH now trades around $2,460 and continues to challenge the $2,500 psychological barrier.
The 20 EMA at $2,433 provides immediate support beneath the current price. Moreover, the 50 EMA at $2,291 reinforces the broader bullish structure. The 100 EMA and 200 EMA remain at $2,150 and $2,030.
ETH also holds a BB %B reading of 0.72, indicating solid momentum without extreme overextension. Therefore, buyers could attempt another push above $2,500.
A decisive break could expose the $2,546 resistance level. Above that point, Ethereum could gain momentum toward higher targets. However, losing $2,401 would weaken the setup and expose $2,291.
$ETH