ETH/USDT – Daily Chart Breakdown ETH is setting up a classic Head and Shoulders pattern on the daily timeframe — a powerful reversal signal if confirmed. After testing the $2,788 zone, we’re seeing signs of exhaustion, and a potential retest of the neckline could trigger a decisive move.
📌 Watch the neckline closely — a clean break could open the door for a sharp correction. 📌 Alternatively, a fakeout here could trap late shorts and fuel a squeeze toward higher resistance.
Volume is tapering off, and Stoch RSI is curling up from oversold — the market’s loading a move. Smart money is already positioning. Are you?
The SOL/ETH pair is currently testing its 50-week moving average — a level we haven’t seen challenged since October 2023, when SOL last broke above this level and outperformed ETH significantly in the following weeks.
This area is critical for both bulls and bears:
📈 If SOL rebounds off this 50W MA, it could be an early signal of Solana strength returning relative to Ethereum — potentially setting up a short-term trade opportunity favoring $SOL outperformance.
📉 If it fails to hold, ETH dominance may continue, confirming Ethereum’s relative strength in the current market structure.
Why does this matter?
🔹 The 50-week MA acts as a macro trend filter — not just noise. 🔹 A clean rebound often precedes momentum shifts. 🔹 Traders watching for rotation plays between L1s should keep an eye on this chart.
📊 Whether you’re bullish SOL or ETH, this technical confluence is worth attention. A confirmed bounce could justify short-term trades in both directions depending on the breakout or rejection scenario.
🔍 Watch volume + weekly close. No need to front-run — let the chart confirm.
Ethereum is currently testing the 200-day Moving Average (MA200) as a key support level, a critical zone that could dictate the next major move. Price action is showing resilience at this level, with buyers defending the zone aggressively.
Notably, the 21-day, 50-day, and 100-day moving averages are all sloping upwards and converging beneath the price — a sign of strengthening bullish momentum. These shorter-term MAs are on the verge of crossing above the MA200, which could potentially trigger a bullish crossover and reinforce the uptrend.
If the MA200 holds as support and we see a decisive break above it with increasing volume, it could confirm a continuation of the bullish structure, possibly targeting higher resistance zones in the coming sessions. However, a breakdown below MA200 may invalidate this bullish setup and open room for deeper correction.
Key Levels to Watch: • Support: MA200 zone • Resistance: Previous swing highs and psychological levels near $4,000
Ethereum just made a major move on the weekly timeframe!
✅ Breakout above the 200-week MA – This is a strong long-term bullish signal. ETH has finally closed above this key resistance, hinting at a potential macro trend reversal.
✅ Established support above the 21-week & 100-week MAs – This shows that buyers are stepping in and defending key levels. It’s building a solid base for the next leg up.
🔄 Next step: Test and break the 50-week MA – ETH now faces the MA50 as the next major resistance. A successful breakout above this level could open the door to sustained bullish momentum and possibly retesting previous highs.
📈 The chart structure is clean — it’s all about whether ETH can flip the MA50 into support. Keep watching this level!$ETH