we need to realize and highlight that ETH is recovering, but not fully bullish yet. It’s at a critical transition zone — if momentum sustains and it breaks resistance ($2,650+), it could trigger the next leg of a proper bull trend.
1. Strong Rebound from the Bottom:
Ethereum bounced sharply from a low of $1,384 to $2,493 — a nearly 80% surge in less than 4 months. That’s a textbook V-shaped recovery.
2. Golden Cross Forming:
The short-term MA (7) is starting to cross above the mid-range MA (25), a potential bullish signal for swing traders.
3. Resistance Zone in Play:
ETH is facing resistance around $2,650 — as seen by recent price rejection. Watch this level closely; a breakout could trigger serious momentum.
4. Volume Surge with Price Rise:
Notice the spike in volume during the recent rally — a sign that this move isn’t just a dead-cat bounce but is backed by solid buying interest.
5. Mid-Term Trend Still Recovery-Oriented:
The 99-day MA is starting to flatten, suggesting the long downtrend might be losing steam. If this MA curves upward, bulls may fully take control.
6. Short-Term Correction Underway:
On the 15-min chart, ETH fell from $2,649 to $2,483, showing a short-term retracement. This could be a healthy pullback before another leg up.
7. High Volatility in Play:
With a 24h price swing between $2,648 and $2,477, day traders should tighten risk management. ETH is not for the faint-hearted right now.
8. MACD Bullish Crossover Nearing (Likely on 1D):
If momentum continues, we may see a MACD crossover, giving confirmation for medium-term buyers.
9. Volume Profile Confirmation:
Despite the pullback, buyers dominated with over 75% buy volume on futures — suggesting strong belief in the uptrend.
10. Accumulation Zone Breakout:
ETH spent months between $1,800 and $2,200 — the recent breakout signals end of accumulation and beginning of expansion.
11. RSI Likely Hovering Near Overbought:
While not shown in the screenshot, based on the surge, the RSI is likely climbing — keep an eye out for overbought territory on lower timeframes.
12. Short-Term Sentiment is Bullish but Cautious:
With bid-ask pressure slightly favoring sellers in the last image, we’re in a consolidation phase. Perfect time to strategize for the next move.
