Ethereum now trades above the 20-week SMA at $2390 and the 21-week EMA level near $2710.
ETH reclaimed bull market bands which historically marked early phases of long upward price moves.
The current structure matches past patterns that saw ETH rise from $200 to over $4000 in one cycle.
Ethereum has now moved above its Bull Market Support Bands (BMSB), signaling renewed bullish momentum on the weekly time frame. The support bands include the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA), currently sitting at $2,390 and $2,710 respectively. This shift in structure may mark the beginning of Ethereum's next major uptrend.
https://twitter.com/ITC_Crypto/status/1949586281178013815 Ethereum Breaks Key Moving Averages
The ETH chart, shared by Into The Cryptoverse on July 28, 2025, shows Ethereum breaking above both long-term support bands. Historically, moving above the BMSB has correlated with early-stage bull market behavior. The 20-week SMA and 21-week EMA now serve as key support lines for price continuation.
From mid-2022 to late-2024, Ethereum's price action remained largely below these bands, signaling a broader consolidation period. The last time ETH reclaimed both bands and held above was in late 2020, which preceded a major bull run toward $4,800. The current breakout is drawing comparisons from analysts tracking similar market behavior.
On the chart, Ethereum price is shown to have surged above $3,000 recently. This places current price levels safely above both the $2,390 SMA and $2,710 EMA. As long as ETH holds this zone, upward continuation remains possible, with historical precedent supporting higher price targets.
Support Bands Act as Momentum Indicators
The 20-week SMA (red) and 21-week EMA (green) form the Bull Market Support Band, often referenced during macro price cycles. These bands offer clear trend indicators across multi-month periods. When ETH trades above them, the market is typically in an expansion phase.
From early 2020 to mid-2021, Ethereum stayed consistently above the bands while rallying from $200 to $4,000. The structure failed in 2022 when price dipped below $2,400, and sideways action followed. Reclaiming both moving averages is often viewed as a key early confirmation for bull market strength.
As of July 28, 2025, the current band values are $2,390 for the SMA and $2,710 for the EMA. ETH has moved decisively above both metrics, indicating strong momentum. The move is being closely monitored by analysts and traders for potential long-term implications.
The latest tweet from Into The Cryptoverse reads “#ETH Bull Market Support Band (BMSB)” and shows the full chart with data stretching back to 2019. This long-term visual gives clear context to the trend reversal and helps support technical observations around macro structure shifts.
Can Ethereum Sustain Momentum Above $2,710?
The key question now is whether Ethereum will maintain its position above the 21-week EMA or retest support. Reclaiming the BMSB often requires sustained closes above both bands to confirm direction. If ETH holds this zone in the coming weeks, bullish sentiment is likely to increase.
Analysts are watching for weekly candle closes above $2,710 to further validate this breakout. Failure to hold the bands could lead to a retest of the $2,390 SMA or lower range. However, momentum so far shows strong volume and follow-through after the breakout.
Looking at the long-term chart, ETH has historically delivered significant gains when maintaining price action above the BMSB. The current pattern mirrors that of early-stage rallies in past cycles. With this structure in play, Ethereum may be preparing for a more extended upward leg.
