Ethereum’s native cryptocurrency, Ethher (Eth), will trade transactions above $3,150, a level not reached since the end of February 2025. This may not be all.
When this memo was published, The ETH price is $3.160, 35% below the previous maximum (ATH). $4,890 reached in November 2021.
After this price rebound, financial market analyst Jainam Mehta emphasizes that “ETH will consolidate breaks in the $2,400-2,800 range and mark a new bullish continuation stage.”
In that sense, he explains that ETH has exceeded $2,970 in resistance. Area where multiple pricing attempts were stopped in a previous cycle.
According to current disposals of Index Mobile Socks (EMA), ETH is still driving it to continue to rise from $3,500 to $3,500 area. Currently, EMAs of 20 and 50 can be found for $2,945 and $2,814, respectively. This “provides dynamic support and helps to contain possible set folds while prices are still looking for new upward targets.”
Next, the analyst speaks about it Bollinger band also throws a positive signal Ethereum currency prices.
Bollinger bands are formed in three rows: a middle mobile average (usually 20 days) and two bands measuring volatility. As ETH prices approach the upper band, they show an upward trend of purchase pressure or continuity. When you approach the one below, it is a sign of the beginning of a weakness or correction stage.
Currently, ETH is cited near the top band with a 4-hour TradingView temporality, as shown in the following ETH chart.
As Cryptonoticia already reported, this ETH rebound shows it Market rotation cycles are moving And the alto season begins to take shape.
This move occurs whenever Bitcoin (BTC) reaches its maximum price and then begins to flow into cryptocurrency at its largest market capitalization (current ETH). Following historical patterns, it is a sign that the alto season can begin.