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Ethereum’s daily chart is showing signs of strength, with price action consolidating above the support level and momentum indicators holding steady. The structure suggests that ETH is building a solid foundation for its next move.
ARZTrader published an update on X, outlining that the Ethereum price is holding above the key support zone at $2,415. This level is acting as a solid foundation as the price consolidates below the 21 Exponential Moving Average (EMA).
ARZTrader is watching closely for a daily close above the 21 EMA and the 2 Fair Value Gap (FVG) zones, signaling strong demand. If ETH confirms this clean break, ARZTrader expects a bounce toward the $2,740 to $2,900 range. With momentum building and technicals aligning, this could mark the beginning of Ethereum’s next leg up.
According to Whitewalker, Ethereum’s setup is bullish with a clean structure, and dips remain solid till the blue zone of $2,300 to $2,345, a support area that has consistently held. The next take-profit (TP) zone is between $2,914 and $3,014.
If it breaks above that resistance range, Whitewalker expects momentum to carry ETH toward a larger target zone of $3,900 to $4,100. Currently, ETH is trading and stuck at the 50 and 200 EMAs resistance. However, if the Golden Cross is confirmed, ETH could move sharply to the upside.
Ethereum is approaching a critical moment on the daily chart as price action tightens near the apex of a massive megaphone wedge formation. ETH is pressing against key EMAs around the $2,500 level.
TWJ News mentioned that a breakout above this wedge could ignite a rally, with upside targets ranging between $3,000 and $4,000. However, a drop below $2,360 would invalidate the bullish momentum, while volatility is likely to surge ahead.
Technical expert and trader, Daan Crypto Trades, revealed that Ethereum has moved back into the $2,313 and $2,736 after a flush to the downside that cleared out liquidity and stop losses placed below the range, as observed in the 4-hour chart.
Daan Crypto Trades points to $2,500 as the level where the majority of volume has been traded and also marks the mid-range of the structure. As long as the price hovers around this area, the market remains balanced. A break above $2,500 could open the door for ETH to retest the $2,700 to $2,800 zone, which has been a resistance for too long.
