In the post Share In X by Unichartz, it was noted that Ethereum (ETH) developed a well-defined bull structure characterized by a series of highs (HH) and highs (HL) that are classic signals of upward momentum. However, after this upward movement, the ETH enters the accumulation stage just below the key resistance zone, market It’s consolidated before the next potential breakout.
EMA Confluence Zone Retest: Ethereum at key decision points
According to Unichartz, Ethereum Currently, we are retesting the confluence zones of 50 and 100 EMAs, so we are navigating important technical forks. This overlap of exponential moving averages often serves as dynamic support, and its associations can be further emphasized by stochastic RSI rebounds from oversold territory, indicating a change in the arrival of momentum.
Analysts suggest that if ETH retains this accumulation zone and the support provided by EMAS, it could open the door to another test of overhead. Resistance zoneor potentially, a breakout beyond that. Traders may look for volume checks and continuation patterns to verify such upside movements.
On the other hand, if you can’t maintain this zone, it can show debilitating and lead to something deeper Pullbackperhaps dragging Ethereum to a low level of support that previously served as a stabilization zone. This marks a temporary change in the market structure and attracts more sales pressure in the short term.
For now, Unichartz emphasizes that this area is an important decision point. Future price actions will help shape the next direction of Ethereum. Traders need to closely monitor whether the Bulls can protect Emma or regain control and force it. break.
Important levels to monitor in the event of an ETH breakout
If a breakout confirmed above the current is confirmed Accumulation zone And EMA Confluence, Ethereum, could be ready to continue the strong rise. The initial level of surveillance that serves as a breakout trigger point is the $2,858 resistance zone, throttling recent advances.
Related Reading: Ethereum Flash Flashes Bullish Morning Star Candlestick Pattern – Is ETH RALLY Beginning?
A clean movement over this area will show strong bullish intentions, especially with increased volume. Once that resistance is cleared, the next important price level to watch is closer to the $3,360-3,659 range that previously served as a short-term supply zone and could present minor friction.
Beyond that, it could target the psychological belt around $4,100. As momentum accelerates, $4,863 could serve as the next potential upward target.
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