Ethereum Price Analysis: ETH Shows Strength with Bullish Momentum – Key Levels to Watch
Pair: ETH/USDT
Timeframe: 4-Hour Chart
Current Price: $2,664.60
24h High: $2,734.23
24h Low: $2,623.14
Volume (24h): 757,851 ETH
1. Technical Indicators:
Moving Averages (MA):
MA(7): $2,665.19 – ETH is consolidating just below this short-term resistance.
MA(25): $2,568.97 – Acting as a key mid-range support.
MA(99): $2,449.22 – Long-term trend remains strongly bullish.
ETH continues to trade above all major MAs – bullish signal.
MACD (Momentum):
MACD Line (DIF): 44.39
Signal Line (DEA): 35.00
MACD Histogram: Positive and widening – indicating growing bullish momentum.
2. Price Action Overview:
After a major breakout from the $1,537.26 zone, ETH rallied to a local high of $2,738.50.
Currently consolidating just below that level at $2,664, suggesting a potential continuation breakout if buying pressure returns.
Volume remains steady – bulls are still interested.
3. Key Levels to Watch:
Support Zones:
$2,568 – Near MA(25), potential buy-the-dip level.
$2,449 – Strong long-term support from MA(99).
$2,270 – Psychological support area.
Resistance Zones:
$2,738.50 – Local top and immediate breakout target.
$2,798.57 – Next psychological resistance.
A clean breakout above $2,800 could open doors to $3,000+.
4. Market Outlook & Strategy:
ETH is holding a strong bullish structure.
As long as price stays above $2,568 (MA25), the trend remains intact.
MACD confirmation supports continued bullish momentum.
A break above $2,738 could trigger another leg up.
If ETH dips, the $2,450–$2,570 range is a potential accumulation zone.
Ethereum is showing strong bullish momentum on the 4H chart with MACD confirmation, steady volume, and solid support levels. Traders should watch for a breakout above $2,738 to confirm the next move. Long-term holders can remain confident as ETH remains above key moving averages.