Since April 7, ETH has held an impressive rally, raising nearly 97% from $1,388 to $2,743. This is powerful Upward movement It attracted attention and showed new bullish momentum across the broader crypto market. With key resistance levels approaching, ETH can maintain its strength and push towards the next psychological milestone.
Will Ethereum lead the next leg of Crypto Market Rally?
In him post In X, Core expressed strong optimism about Ethereum’s price trajectory, pointing out how close the assets are to the new all-time high (ATH). He said that ETH currently trades around $2,608, so they only need an additional $2,276, a move of about 86.8% from the current level to reach the new record.
He pointed out that Ethereum has already moved more than that in just 34 days, referring to its impressive gatherings from $1,388 to $2,743. So, while Core suggests that ATH is simply more likely, they are inevitable too. His analysis highlights the strength of Ethereum’s current trends and the potential for continued benefits, especially in the case of wider market sentiment. It’s still strong.
The core was also disclosed another one. post That Ethereum is once again at a critical time, with price action knocking on the door of resistance for around $2,640. This level has proven difficult to break in recent weeks and serves as a ceiling that reduces upward momentum.
If Ethereum breaks through the $2,640 resistance zone, the next zone of resistance target The radar costs $3,200. This is an important psychological and technical level that is consistent with previous price structures. A clean inversion to support this resistance can open the door for bullish continuance as it solidifies confidence in the trend. Technical indicators are beginning to tilt in bull favor and volumes are beginning to rise.
It will not be over-bought or sold immediately
Another analyst, GEMXBT, has it Share Emphasises his insights and integrations on Ethereum’s current price action step For $2,600 level ETH/USDT. Ethereum’s technical indicators show early signs of potential strong EF momentum, according to the statement.
GEMXBT points out that the five-day moving average (4MA) has just exceeded the 10-day moving average (10MA). This crossover is often considered short term Bulling signalsuggests that if momentum is built, buyers can take control. However, other metrics suggest that the market is still waiting for a strong confirmation.
Looking at the chart, the relative strength index (RSI) is currently hovering near the neutral zone. Specifically, this neutral attitude shows that prices can move in either direction depending on the volume of incoming and the wider market sentiment.
Meanwhile, the MACD (moving average convergence divergence) indicator is slightly bullish, but Gemxbt claims it still lacks strong momentum. Regarding key levels, GEMXBT will identify $2,550 as the support zone and $2,650 as the resistance level. A critical break above resistance can rekindle upward momentum, but slips below support can indicate short-term corrections.
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