Ethereum Hits Key Resistance After Breaking 200EMA — What’s Next?

By NoriFtm | Binance Square Write to Earn

Ethereum (ETH) has shown notable strength on the daily timeframe, successfully breaking above the 200-day EMA and reaching a key target zone. This move reflects growing bullish momentum in the short term.

Now that ETH has entered this critical resistance area, traders are closely watching for signs of rejection. A temporary pullback from this zone would not only help cool down the RSI, which is currently extended, but also provide a healthier setup for a potential continuation.

If a correction plays out as expected, it may offer a renewed entry opportunity — with the possibility of Ethereum retesting current levels and eventually breaking through with stronger confirmation.

As part of my Write to Earn journey on Binance Square, I’ll continue tracking Ethereum’s movements closely to share timely insights and analysis with the community.

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