ETH breaks above weekly EMA50 after 9 weeks of rejection
Signals potential bullish momentum in the coming weeks
Traders and holders eye higher targets soon
ETH Finally Breaks Weekly EMA50 Barrier
Ethereum (ETH) has made a notable technical move this week by finally breaking above its 50-week Exponential Moving Average (EMA50). For the past 9 weeks, this key indicator had acted as a stubborn resistance level, constantly pushing ETH back and signaling market hesitation.
The EMA50 is often used by traders to understand long-term trends. A break above this level suggests that momentum may be shifting from bearish to bullish. ETH bulls have been waiting for this breakout as a signal of potential upward movement.
#ETH: After 9 weeks of constant rejection at the EMA50 on the weekly chart, ETH finally broken through! Very good sign! Keep holding and drink tea. Higher targets expected in the coming weeks! pic.twitter.com/DkdyoSCEIF
— Doctor Profit (@DrProfitCrypto) July 8, 2025
Why This Breakout Matters for ETH
Technical analysts see this breakout as more than just a short-term spike. It could indicate a change in overall sentiment toward Ethereum. Breaking a multi-week resistance level like the EMA50 typically shows strength and renewed interest from both retail and institutional investors.
Many traders are interpreting this breakout as a sign to hold or even add to their ETH positions. The phrase “keep holding and drink tea” shared on social media captures the optimistic mood—suggesting patience now could lead to solid rewards later.
What Comes Next for Ethereum?
With the EMA50 resistance finally cleared, the market now anticipates higher price targets. If ETH can maintain momentum and stay above the EMA50 in the coming weeks, this could trigger more buying pressure. This breakout also places ETH in a stronger technical position ahead of potential macro events like ETF news or network upgrades.
While short-term fluctuations are always possible in crypto, this recent move could mark the beginning of a longer-term rally for Ethereum.
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