đ„ Ethereum Bulls Hold the Line â Key Indicator Signals Short-Term Rally Ahead
Ethereum is at a key support zone as the crypto market retraces. After days of positive momentum, ETH is hovering around $2,550, which might decide its short-term future. Ethereum remains strong compared to other assets despite the downturn, indicating bull control.
Ethereum remains over $2,400 amid market turmoil. As it consolidates in a crucial demand zone, the asset shows strength and might rise. Analysts think ETH is poised for an explosive breakthrough that may spark an altseason because to its resiliency.
Global tensions affect market morale despite a positive technical outlook. Trade tensions between the US and China and increasing US Treasury rates are creating macroeconomic instability. Systemic threats might upset financial markets, but cryptocurrenciesâespecially Bitcoin and Ethereumâhave stayed stable.
Martinez offered technical evidence supporting the bullish viewpoint. Martinez says Ethereum is showing a TD Sequential buy signal on the 4-hour chart, indicating a comeback if it holds above $2,550. This would position the asset for a rise toward $2,650, which might reaffirm positive momentum and revive altcoins.
Ethereum is under pressure as it falls below $2,550, trading at $2,493. On the 4-hour chart, ETH has lost pace, falling below the 34 EMA ($2,608) and the 50 and 100 SMAs, which supported consolidation. A steep decline followed the rejection from $2,800, with rising volume indicating intense selling.
Around $2,450, consolidation zones may provide short-term support. If this level breaks, ETH might revisit the 200 SMA at $2,300, a key milestone and early May breakout level.
Ethereum continues its climb despite the downturn. Reclaiming the $2,550â$2,600 zone might revive bullish momentum and set up another try at $2,700â$2,800. Traders should be cautious after the TD Sequential buy signal over $2,550 was invalidated. All eyes are on the bulls to defend this territory and reset the short-term structure for a recovery.
