Usman Salis
⬤ Ethereum (ETH) keeps hitting a wall at the 200-day Exponential Moving Average (EMA), unable to push past this crucial resistance. The price has been knocked back multiple times at the 200D EMA, preventing any meaningful upside momentum. Right now, ETH is stuck in consolidation mode, repeatedly testing this critical barrier.
⬤ The path to higher prices depends on ETH breaking and holding above the 200D EMA with strong volume behind it. If this happens, we could see a rally toward $3,800-$4,000. High volume on the breakout would confirm genuine buying pressure and show that traders are serious about pushing prices higher. This resistance level is make-or-break for Ethereum—clearing it could kickstart a fresh uptrend.
⬤ Breaking past the 200D EMA is everything for ETH right now. If it punches through and stays above this level, the door opens to $3,800-$4,000, which represents the next major resistance zone. Traders are watching volume and price action closely to see if this breakout has real legs.
⬤ A successful break above the 200D EMA would likely spark bullish sentiment and pull more buyers into ETH. But if Ethereum fails to reclaim this level and drops back down, expect traders to reassess their bullish outlook—possibly triggering a pullback to lower support levels.
Usman Salis
