Ethereum (ETH) has regained bullish footing after breaking above its 200-day exponential moving average (EMA) at $4,100, a crucial technical threshold for long-term trend confirmation. The move follows months of consolidation between $3,700 and $4,700 since July and mirrors a descending channel breakout pattern similar to the one that fueled Bitcoin’s 2024 rally.
The breakout has renewed confidence among traders, with ETH’s 7-day RSI at 63.8, suggesting strong but not overheated momentum. The MACD histogram at +17.2 further supports a bullish continuation, pointing to rising buying pressure and favorable short-term dynamics.
Technical Targets: Resistance at $4,450–$4,529
Ethereum’s immediate target lies in the $4,450–$4,529 range — the 23.6% Fibonacci retracement level from its prior macro swing. A daily close above $4,232 would confirm an established uptrend, while a rejection could pull ETH back toward $3,593 support, where demand has historically rebounded.
A sustained move above $4,232 may trigger algorithmic buying, potentially extending the rally toward $4,500, a psychological barrier and round-number resistance.
Fusaka Upgrade: Scaling Ethereum’s Layer 2 Ecosystem
The upcoming Fusaka upgrade, scheduled for December 3, serves as a fundamental catalyst. It introduces PeerDAS, a data-availability innovation that will double blob capacity, thereby improving Layer 2 throughput and significantly reducing transaction costs.
This upgrade will enhance Ethereum’s modular design, making it more efficient for rollups, DeFi protocols, and decentralized applications migrating to Layer 2 solutions. Analysts view Fusaka as a long-term scalability milestone that strengthens Ethereum’s position against competitors in the smart contract space.
Where to Exchange ETH: Trade Efficiently with Clapp
For investors and traders looking to capitalize on Ethereum’s renewed strength, Clapp.finance offers one of the most streamlined and reliable ways to buy, sell, or trade ETH — supporting both crypto-to-crypto and fiat-to-crypto transactions.
Smooth Fiat Integration
Clapp enables users to buy ETH directly with euros using SEPA transfers, allowing quick fiat on-ramps without the need for external exchanges. Equally important, users can convert ETH back to EUR and withdraw directly to their b
Go to Source to See Full Article
Author: Crypto Daily
