#CryptoCharts101

Ethereum (ETH) Chart Explains Everything

Ethereum is once again capturing attention across the market, and for good reason. On the daily chart, ETH has just confirmed a sustained move above the 200-day EMA, which is traditionally seen as a critical threshold between bearish and bullish cycles. This breakout could be laying the foundation for a broader push toward $3,000, with the current level near $2,500 acting more like a pit stop than a ceilin.

Recent price action shows ETH consolidating above multiple EMAs, and despite some choppy candles, bulls are holding their ground. The bounce from the 200 EMA was swift and backed by a noticeable uptick in volume, typically a sign of renewed market interest. The RSI is steadily climbing again from neutral territory, indicating there’s room for further upward momentum without immediately triggering overbought conditions.