$ETH ETH – From Consolidation to Breakout: Are the Bulls Warming Up?

After a multi-week sideways grind, Ethereum just reminded the market who’s boss. From the lows around $1751, ETH has surged to a local high of $2835, printing a clean +60% rally — but the real signal lies in the structure.

🔍 Technical Breakdown:

✅ Moving Averages:

The 7 EMA has crossed above the 25 EMA and is now pulling away from the 99 EMA, forming a textbook bullish alignment. This type of stack often precedes continuation — as long as the short-term EMA doesn’t flatten.

📊 Volume Spike @ Breakout:

A noticeable volume expansion accompanied the push above $2600, confirming that this breakout wasn't just bots breathing — but real buyers stepping in.

📉 MACD Momentum:

The MACD line crossed above the signal on June 6th and is still diverging. No bearish cross yet. This is a classic momentum continuation setup — but keep an eye on histogram fading.

📈 RSI Heating Up:

Currently hovering around 68, RSI hasn’t entered extreme overbought, but it's flirting with it. Historically, ETH can push beyond 70 during parabolic runs — but if this stalls, we may see a cooldown back to the 50–55 zone.