After weeks of uncertainty and downward pressure, the crypto market is flashing signs of revival. $BTC has climbed back above $93K, $ETH is holding strong near $1,800, and green candles are lighting up across the altcoin space. But the big question remains: Is this the beginning of a full-blown breakout or just another relief rally in a longer downtrend? Letโs break down the Ethereum chart to get some clarity on what lies ahead.
๐ ETH/USDT (Daily) โ Technical Breakdownโ Bullish Signs
Price reclaimed $1,800, closing above key short-term moving averages (9-day and 25-day SMA).
RSI is at 55.55, suggesting bullish momentum but not yet overbought โ good zone for continued upside.
MACD has flipped bullish, with a crossover and rising green histogram bars indicating strength building.
Volume is increasing on green candles โ confirmation that real buyers are stepping in, not just weak bounces.
โ ๏ธ Resistance Zones to Watch
$1,950 is a near-term psychological level and minor horizontal resistance.
Descending trendline from February highs is being approached โ may act as dynamic resistance.
99-day SMA at $2,333 is a major long-term resistance and key breakout level to target.
$2,000 is a strong round-number resistance โ may cause hesitation or rejection before clean breakout.
๐ Overall Market Context
BTC above $93K supports ETH rally โ if Bitcoin moves past $95Kโ$98K with strength, ETH could outperform.
Altcoins are rallying across the board, suggesting sector-wide interest returning.
If ETH breaks and holds above $1,950, expect accelerated moves toward $2,100โ$2,200.
๐ฎ Conclusion: Breakout or Relief Rally?
Not just a relief rally โ signs point toward a trend reversal in progress.
MACD, RSI, and volume are aligned โ a powerful trio for bullish confirmation.
If BTC holds ground and ETH stays above $1,800, the next leg is likely bullish.
#MarketRebund #BTCNextATH #CryptoMarketCapBackTo$3T #BullOnTheRun
