#ETHRally
Moving Averages: Ethereum trades comfortably above all major EMAs, with the 20-day EMA near $4,357, 50-day EMA around $4,125, and longer-term averages also well below current levels. The stacked EMA structure confirms sustained upward momentum.
Momentum Indicators: The Directional Movement Index (DMI) shows a strong bullish trend with +DI at 45.66 significantly above –DI at 9.87, and an ADX confirming strong trend strength. RSI near 76 indicates overbought conditions, but in strong uptrends, such levels often persist before any pullback.
Volume and Market Flow: Institutional inflows remain robust, with recent ETF investments topping $1 billion, highlighting significant market confidence. Volume profile points to $4,869 as a liquidity-packed resistance zone, with a potential breakout accelerating the rally if breached.
Chart Patterns: Ethereum recently broke out of a consolidation triangle, signaling a "Change of Character" bullish shift. The breakout cleared previous supply zones, setting ETH on a path to challenge and potentially surpass its prior highs near $5,000.