EMA15 is at 2659, EMA30 at 2576, and EMA60 at 2418. ETH’s daily moving averages are aligned in a textbook bullish formation.
The more telling detail is that the price has consistently held above EMA15. This means that even if there’s some disagreement in the short term, the very first line of defense—the one closest to the price—hasn’t been shaken, let alone the layers of support from longer-term cost bases below.
The widening gap between the moving averages isn’t just talk; it’s a structure built up step by step by capital. Until the price breaks below EMA15, treating normal consolidation as a weakening trend simply doesn’t hold water.
#ETH
👇
The more telling detail is that the price has consistently held above EMA15. This means that even if there’s some disagreement in the short term, the very first line of defense—the one closest to the price—hasn’t been shaken, let alone the layers of support from longer-term cost bases below.
The widening gap between the moving averages isn’t just talk; it’s a structure built up step by step by capital. Until the price breaks below EMA15, treating normal consolidation as a weakening trend simply doesn’t hold water.
#ETH
👇