$ETH is showing signs of building momentum here. The EMAs are starting to squeeze closer together, which usually signals that we are gearing up for a strong move.

Price is already holding well above local support, and if we get the expected bounce from this zone, we could see an explosive push higher. The structure is similar to the previous EMA reactions we’ve had, and as long as this dynamic support holds, the upside target at $5,555 remains in play. #ETHPriceAnalysis