Ethereum is presently showing bullish strength, with its price trading around $2,668. The price has convincingly moved above its significant exponential moving averages, establishing its upward trend. Notably, ETH is currently testing a key resistance area around $2,865, the highest level since December 2024.
The MACD is also bullish, with the MACD line at 226.2 significantly higher than the signal line at 140.3, and a green histogram pointing to upward momentum. Though indicators point towards further gains, Ethereum’s recent rally may welcome short-term consolidation or minor dips.
On the downside, watch the 200 EMA at $2,436 and the cluster area around $2,150. A breakout above $2,865 would probably set the stage for a journey towards the psychological $3,000 level.