Ethereum has recently shown impressive strength, breaking above key resistance levels and maintaining upward momentum. One of the most significant technical indicators supporting this rally is the 26-day EMA crossing above the 200-day EMA — a classic bullish signal that validates the current uptrend and opens the door to even higher price targets.
On the daily chart, Ethereum clearly broke through the critical $2,500 resistance level, followed by a sharp surge to the current range near $2,710. The bulls remain firmly in control, consistently driving the price higher despite minor corrections and profit-taking along the way.
Notably, Ethereum has reclaimed the 50-day and 100-day EMAs, which had previously acted as strong resistance levels. With these moving averages now well below the current price, momentum has clearly shifted in favor of the bulls. Additionally, the RSI is above 70, suggesting overbought conditions — yet this only highlights the market's strong buying pressure.
What’s even more encouraging is the surge in bullish trading volume that accompanied the breakout. This indicates that Ethereum may still have more room to rise before any significant pullback occurs. The next major psychological and technical barrier lies at $3,000 — a level that has previously served as both support and resistance. This makes it a natural magnet for price action in the coming days or weeks.
Short-term traders should closely monitor the $2,600 to $2,800 range for potential consolidation or pullback opportunities before the next move higher. As long as Ethereum maintains its current pace and avoids a strong rejection around the $2,800 mark, the $3,000 target becomes increasingly realistic.
From a broader perspective, the bullish volume profile, the golden cross of the EMAs, and the overall chart structure suggest Ethereum is well-positioned for further gains — barring any unexpected market shocks. If the current rally holds, ETH could soon reclaim the $3,000 level, echoing the highs of previous bull cycles and potentially setting the stage for an even larger breakout later this year.#TrumpTariffs #Bitcoin2025 #SaylorBTCPurchase #BinanceAlphaAlert #BinanceHODLerSOPH
