Ethereum Once again proved its resilience, bounced back strongly against the long-term ascending support trendline that has consistently caused major gatherings in the past. This ascending trendline updated the trust from buyers every time it was tested. The latest rebounds, made with visible strength, suggest that Ethereum may appreciate another powerful move.
Ethereum’s trustworthy trendline attacks again – the Bulls regain control
According to Unichartz, recent post With X, Ethereum once again offered strong bounces from its long-term uplifting support trendline. Upwards Moves in the previous cycle. This trendline has proven to be more than just a visual guide. It is a psychological and technical battlefield where bullish emotions are repeatedly resurfaced, helping ETH to resist downward pressure when it matters most.
Unichartz further emphasized that this marked the third mark that ETH successfully rebounded from this trendline, adding even more credibility to its role as a reliable level of support. This repeated validation has led to the trendline now firmly established as the basis for Ethereum’s bullish structure.
If ETH can be decisively broken from $2,030 to $2,160, we’ll see what’s going forward Resistance zonecould open the door to important movements towards the $2,540 level. This scenario sets stages to renew confidence in Ethereum’s long-term trajectory.
MACD and RSI indicators suggest new bullish momentum
In the world of technical analysis, moving average convergence bifurcation (MACD) and relative strength index (RSI) indicators are one of the most reliable tools for signaling possibilities. market Movement. Currently, both indicators suggest a possible return to bullish momentum, bringing attention to price action.
One day MACD has recently moved to the positive region, with the MACD line crossing above the signal line, often indicating the onset of strong momentum. When combined with increased volume, crossover becomes even more important, indicating the potential for expansion Rally.
Meanwhile, the RSI for the day is gradually climbing, sitting in a slightly bullish zone from neutral to slightly bullish. In other words, assets have not yet been over-acquired. Reads above 50 generally suggest positive momentum, and as RSI continues to have a higher epidemic, the thesis that the market is preparing will be strengthened. happen.
Together, these two indicators have been adjusted to support the updated concept of upward momentum. Traders should be careful when checking through price actions, especially as they break through the main resistance levels that verify the signals provided by MACD and RSI.
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