Ethereum It proved its resilience again, bounced out of the long-term upgraded support trendline that has been causing large gatherings in the past. This upward trend line increases buyer confidence every time it is tested. The latest rebound is taking place with visible force, suggesting that Ethereum may be preparing for another powerful move.
Ethereum’s trusted trendline strikes again – Bulls restore control
According to Unichartz, postal On X, Ethereum once again bounced a strong rebound from its long-term uptrend support trendline, a level that has been Major’s launch platform up Previous cycles move. It turns out that this trend line is more than just a visual guide. This is a psychological and technical battlefield, with bullish sentiment repeatedly surfaced, helping ETH resist downward pressure when it matters most.
Unichartz further stressed that this marked the third successful rebound from this trend line, increasing its role as a reliable support level. Through this repeated verification, the trend line is now firmly established as the basis for Ethereum’s bullish structure.
Looking ahead, if ETH manages to decisively surpass $2,030 to $2,160 Resistance zoneit can open the door to a major transfer of $2,540. This situation lays the foundation for strengthening confidence in Ethereum’s long-term trajectory.
MACD and RSI indicators hint at new bullish momentum
In the world of technical analysis, moving average convergence difference (MACD) and relative intensity index (RSI) indicators are one of the most trusted tools for signaling potential in the world of technical analysis market move. Both indicators currently indicate that bullish momentum may revive, thus attracting attention to price action.
The 1-day MACD has recently entered the positive area, with the MACD line crossing above the signal line, usually indicating the beginning of strong momentum. Crossing becomes more important as the binding volume increases, demonstrating the potential for expansion assembly.
On the other hand, the 1-day RSI gradually climbed and sat in a neutral to slightly bullish area, which means there is not too much asset yet. Readings above 50 usually indicate positive momentum and as RSI continues to trend, it strengthens the argument that the market is preparing for the market breakthrough.
In short, these two indicators are aligning to support the concept of a reboot of upward momentum. Traders should be careful about confirmation, especially when price action breaks through key resistance levels, which will verify the signals provided by MACD and RSI.
Featured images from Pexels, charts from TradingView.com
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