Ethereum is showing strong bullish momentum beneath the key $2,800 resistance level, with consolidation supported by higher lows and critical moving averages. If price breaks above this level, the next upside target lies at $4,060, marking a potential 43% gain.
Ethereum (ETH) is demonstrating strong bullish momentum just below the high-timeframe resistance level at 2,800 dollars. The price has continued to form higher lows despite a recent rejection from the 200-day moving average.
Consolidation is supported by the 21-day exponential moving average, indicating buyers remain active on dips. If Ethereum breaks above 2,800 dollars with volume confirmation, the next upside target sits at 4,060 dollars, a move that would represent a potential 43 percent gain from current levels.
Key technical points
- Support Holding at 21EMA: Ethereum has respected the 21-day exponential moving average throughout its recent consolidation phase, signaling strength.
- $2,800 Resistance Is Key: This level is the major overhead hurdle. A confirmed breakout above it would clear the way for further upside.
- Upside Target at $4,060: The next major resistance lies at $4,060, representing a potential 43% rally from current levels.
Ethereum has gained 4.47 percent in recent sessions, forming a clear series of higher lows. This bullish structure, building just below a major resistance level, is typically a sign of mounting pressure and potential breakout energy.
The 21EMA continues to provide dynamic support, with price repeatedly bouncing off this moving average. Despite the earlier rejection at the 200-day moving average, ETH established a new higher low, reinforcing its bullish structure.
Price remains compressed beneath the 2,800 dollar resistance. A break and sustained close above this level, especially with strong volume, could catalyze a rapid move toward 4,060 dollars. There is little resistance between these two price zones, which further supports the possibility of a swift rally once the breakout is confirmed.
What to expect in the coming price action
If Ethereum maintains its current bullish structure and breaks above the 2,800 dollar resistance with solid volume confirmation, a rally toward the 4,060 dollar level becomes increasingly likely. Traders should look for continued higher lows and a strong daily candle close above resistance to validate the breakout.
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