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Ethereum shows a renewed force after climbing above the $ 2,600 bar with ease, holding firmly above the key support levels while the bulls try to recover the momentum. This decision comes after weeks of price action related to the beach, and although the attempted rupture has attracted attention, traders now ensure confirmation by a decisive thrust above the next resistance zone.
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So far, ETH has resisted despite broader volatility on the market. With buyers in control, the emphasis is placed on Si Ethereum can pierce the upper limit of its current beach and start a sustained movement above. Without monitoring, price risks go back to consolidation, frustrating the bullish positioning.
The Top Big CHED analyst recently shared a technical analysis stressing that Ethereum is now growing in weekly peaks, in particular an area defined by a group of upper shadows and the underside of the 200 -day mobile average (DMA). This region has acted on several occasions as resistancerejecting the attempts at previous rally.
Ethereum Bulls Eyereum Exhaustion Confirmation
Ethereum is at a critical moment while the bulls push the price to the resistance of $ 2,800 – a level which must be decisively eliminated to confirm an escape and a transition to a complete bullish phase. After a brutal rebound from the bottom of April, where the ETH exchanged nearly $ 1,400, the asset increased by more than 90%, recovering key mobile averages and crossing previous short -term resistance levels. The momentum is clearly constructed, but Ethereum is now faced with its most important test.
The $ 2,800 area marks the top of the current range and coincides with several technical barriers. CHEDS highlighted This ETH is now negotiated in weekly heights, where a group of upper shadows has repeatedly rejected the price. This region is also aligned with the underside of the 200 -day mobile average (DMA), strengthening it as a major area of ​​resistance. According to CHEDS, the bear thesis fails if the ETH can return $ 2,750 in support – a level that would likely signal the reversal of trends and the sustained increase.
However, macro risks remain. The yields of the US Treasury continue to climb, reflecting concerns about inflation and more stringent financial conditions. The increase in yields often exerts pressure on risk assets, including cryptocurrencies, by removing the liquidity of the speculative markets.
Despite these opposite winds, the structure of Ethereum remains strong. As long as the bulls maintain the pressure and defend higher stockings, the path to the recovery of $ 3,000 becomes more likely. A confirmed escape greater than $ 2,800 would probably trigger increased participation, both technical traders and investors sidelined by the recent volatility. Until then, ETH remains faced with the beach – but the momentum clearly moves in favor of the bulls.
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ETH reaches the key resistance zone after rupture
Ethereum is currently negotiated at $ 2,688 on the 4 -hour table, after a strong escape from a triangular ascending structure of several days. This decision was supported by an increase in volume and its own recovery of all the major medium -sized medium -sized – $ 2,558), 100 SMA ($ 2,571) and 200 SMA ($ 2,535) – which now act as support under the price.
ETH pushed directly into a key resistance area between $ 2,690 and $ 2,735, highlighted by several front rejection wicks. This area has acted as a supply area since mid-May, capping each attempt to break and leading to rapid withdrawals. The current test marks the fifth attempt by Ethereum to exceed this level in recent weeks, which has increased the chances of a potential rupture, especially if the bulls maintain the momentum and the volume remains high.
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However, if the ETH fails to erase this area, a decline towards the level of 200 SMA or $ 2,600 is likely, especially if the volume ends. The structure remains optimistic in the short term, with higher hollows forming and buying increased pressure.
A 4-hour fence confirmed above $ 2,735 would indicate a breakup confirmation and would probably trigger a thrust to $ 2,900 to $ 3,000. Until then, ETH remains faced with beaches – but the bulls clearly press the door.
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