Moving Averages Align! Is This the New ETH Floor? ⬆️
Traders, check out this ETH/USDT 4H chart! We've just witnessed a decisive breakout after forming what looks like an ascending triangle. The current price of $3,061.65 is crucial, sitting above the MA(7) at $3,023.65, the MA(25) at $2,971.04, and the MA(99) at $3,032.83.
Having the price sustain above all these short and medium-term Moving Averages is a textbook signal that the short-term trend has shifted aggressively bullish. The breakout above the $3,099 local high (which acted as resistance) has now flipped it into new support. Let’s watch for a clean retest and continuation!
ETHUSDT
Perp
3,060.84
+9.11%
#TechnicalAnalysis #MAStrategy #ETHUSDT #Bullish #CryptoTrading