Ethereum Approaches 50-Day EMA — A Breakout Could Trigger a Move to $4,000
Ethereum has once again reached its 50-day Exponential Moving Average (EMA), but a decisive breakout has yet to occur. I believe this breakout is imminent. For confirmation, we need to see daily closes above the $2,500–$2,600 range.
Once ETH breaks above the 50-day EMA with strong momentum, I expect the $2,800 resistance level to be tested quickly in the short term.
Previously, ETH also consolidated between $2,100 and $2,800 for a period of time. After breaking out strongly from this horizontal rectangular range, ETH surged to $4,000. Now, if we can decisively break above the $2,800 resistance again, I believe ETH can quickly resume its journey toward the $4,000 target.
Additionally, make sure to review my previous key Ethereum analysis, where I mentioned that the 50-week EMA remains the last major barrier preventing ETH from an explosive move.
As always, be aware that geopolitical developments—especially those involving the U.S., Israel, and Iran—can cause sudden volatility in BTC and ETH prices. Please avoid using leverage during this period and stay cautious in the face of potential market turbulence.
Written by İbrahim COŞAR
