📈 $ETH – From Consolidation to Breakout: Are the Bulls Warming Up?

After a multi-week sideways grind, Ethereum just reminded the market who’s boss. From the lows around $1751, ETH has surged to a local high of $2835, printing a clean +60% rally — but the real signal lies in the structure.

🔍 Technical Breakdown:

✅ Moving Averages:

The 7 EMA has crossed above the 25 EMA and is now pulling away from the 99 EMA, forming a textbook bullish alignment. This type of stack often precedes continuation — as long as the short-term EMA doesn’t flatten.

📊 Volume Spike @ Breakout:

A noticeable volume expansion accompanied the push above $2600, confirming that this breakout wasn't just bots breathing — but real buyers stepping in.

📉 MACD Momentum:

The MACD line crossed above the signal on June 6th and is still diverging. No bearish cross yet. This is a classic momentum continuation setup — but keep an eye on histogram fading.

📈 RSI Heating Up:

Currently hovering around 68, RSI hasn’t entered extreme overbought, but it's flirting with it. Historically, ETH can push beyond 70 during parabolic runs — but if this stalls, we may see a cooldown back to the 50–55 zone.

🧠 Key Levels to Watch:

– Support: $2590 (99 EMA), $2750 (previous high zone)

– Resistance: $2835 (local top), then psychological $3000

💡 Strategic Take:

ETH is showing signs of trend continuation — but confirmation comes if it holds above $2750 with increasing volume. A failed retest and rejection below $2590 could trigger a shakeout toward the 2400–2500 support band.

⚔️ Bulls & Bears, it’s your move now. Are we on the edge of a major ETH leg up… or just bait for liquidity?

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