Ethereum’s daily chart is showing signs of strength, with price action consolidating above the support level and momentum indicators holding steady. The structure suggests that ETH is building a solid foundation for its next move.
Break Above Resistance Could Trigger Fresh Rally
ARZTrader published an update on X, outlining that the Ethereum price is holding above the key support zone at $2,415. This level is acting as a solid foundation as the price consolidates below the 21 Exponential Moving Average (EMA).
ARZTrader is watching closely for a daily close above the 21 EMA and the 2 Fair Value Gap (FVG) zones, signaling strong demand. If ETH confirms this clean break, ARZTrader expects a bounce toward the $2,740 to $2,900 range. With momentum building and technicals aligning, this could mark the beginning of Ethereum’s next leg up.
According to Whitewalker, Ethereum’s setup is bullish with a clean structure, and dips remain solid till the blue zone of $2,300 to $2,345, a support area that has consistently held.
Go to Source to See Full Article
Author: Godspower Owie
