Ethereum breaks above its 200-day MA on fifth attempt, signaling a strong bullish reversal backed by sustained buying momentum.
Price action shows Ethereum gaining 90% from April lows, with rising volume and higher lows confirming a solid recovery trend.
Ethereum's breakout above the long-term downtrend and key resistance levels indicates a possible continuation toward $3,300.
According to CryptoBullet analysis, Ethereum surged 6.10% in the latest session, climbing to $2,661.11 and crossing its 200-day moving average at $2,659.60. This marks the fifth attempt to breach this crucial technical level. It also signals strong bullish momentum following a months-long recovery from April’s brutal lows near $1,400.
The chart shows Ethereum peaking around $4,100 in December 2024. However, the market soon shifted, entering a pronounced downtrend. Price action has remained within a descending channel ever since, forming lower highs and lower lows across multiple months. Notably, Ethereum faced heavy rejection at $3,050 and $3,300, which remain key resistance zones.
Recovery Gathers Pace After April Crash
The asset suffered a steep decline in early 2025, dropping from $3,300 to $1,400 between February and April. That correction marked one of the harshest pullbacks in the observed timeframe. However, buyers stepped in at those levels, creating a firm support base between $1,400 and $1,500.
Source: CryptoBullet
Since then, Ethereum has shown strength. It has steadily gained nearly 90% from April’s low, consistently printing higher lows. This shift indicates renewed bullish sentiment and increased demand on dips. Moreover, volume surged at both the December high and April low. These spikes suggest market participation during pivotal trend reversals.
Technical Breakout Signals Bullish Shift
Near the $2,400–$2,500 level, Ethereum recently broke above its long-standing downtrend line. The bullish picture is strengthened by this escape from the descending channel. Furthermore, the present price sequence's fifth wave, which may be related to Elliott Wave theory, might signal a last spike before a decline.
Furthermore, crossing above the 200-day MA for the first time strengthens bullish conviction. This level often acts as a psychological barrier and long-term trend indicator. Besides, Ethereum is now testing it with solid momentum, suggesting potential continuation if sustained.
Consequently, the overall market structure has improved. The higher lows, breakout, and rising volume point to a trend shift. Hence, if Ethereum clears resistance near $3,050, bulls may aim for $3,300 next. However, failure to hold above the 200-day MA could trigger another consolidation phase.
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Ethereum Reclaims 200-Day MA Amid Fifth Breakout Attempt
Ethereum breaks above its 200-day MA on fifth attempt, signaling a strong bullish reversal backed by sustained buying momentum.
Price action shows Ethereum gaining 90% from April lows, with rising volume and higher lows confirming a solid recovery trend.
Ethereum's breakout above the long-term downtrend and key resistance levels indicates a possible continuation toward $3,300.
According to CryptoBullet analysis, Ethereum surged 6.10% in the latest session, climbing to $2,661.11 and crossing its 200-day moving average at $2,659.60. This marks the fifth attempt to breach this crucial technical level. It also signals strong bullish momentum following a months-long recovery from April’s brutal lows near $1,400.
The chart shows Ethereum peaking around $4,100 in December 2024. However, the market soon shifted, entering a pronounced downtrend. Price action has remained within a descending channel ever since, forming lower highs and lower lows across multiple months. Notably, Ethereum faced heavy rejection at $3,050 and $3,300, which remain key resistance zones.
Recovery Gathers Pace After April Crash
The asset suffered a steep decline in early 2025, dropping from $3,300 to $1,400 between February and April. That correction marked one of the harshest pullbacks in the observed timeframe. However, buyers stepped in at those levels, creating a firm support base between $1,400 and $1,500.
Source: CryptoBullet
Since then, Ethereum has shown strength. It has steadily gained nearly 90% from April’s low, consistently printing higher lows. This shift indicates renewed bullish sentiment and increased demand on dips. Moreover, volume surged at both the December high and April low. These spikes suggest market participation during pivotal trend reversals.
Technical Breakout Signals Bullish Shift
Near the $2,400–$2,500 level, Ethereum recently broke above its long-standing downtrend line. The bullish picture is strengthened by this escape from the descending channel. Furthermore, the present price sequence's fifth wave, which may be related to Elliott Wave theory, might signal a last spike before a decline.
Furthermore, crossing above the 200-day MA for the first time strengthens bullish conviction. This level often acts as a psychological barrier and long-term trend indicator. Besides, Ethereum is now testing it with solid momentum, suggesting potential continuation if sustained.
Consequently, the overall market structure has improved. The higher lows, breakout, and rising volume point to a trend shift. Hence, if Ethereum clears resistance near $3,050, bulls may aim for $3,300 next. However, failure to hold above the 200-day MA could trigger another consolidation phase.
The post Ethereum Reclaims 200-Day MA Amid Fifth Breakout Attempt appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.