Alex Dudov
⬤ Ethereum is showing real strength after breaking back above its 50-day moving average—a shift that's put buyers back in control for now. The price has been holding steady after bouncing from recent lows, building a foundation of higher lows that traders are watching closely. This isn't just a random bounce—it's the kind of structure that suggests something more sustained could be building.
⬤ What makes this move interesting is how well ETH has been respecting that 50-day average as support since reclaiming it. The next major test sits at $3,650, right where the 200-day moving average comes into play. That level matters. Price has been coiling under descending resistance while staying above key support zones, creating the kind of controlled pressure that often leads somewhere meaningful rather than fizzling out quickly.
⬤ The bigger picture tells a story of recovery after a correction. Ethereum dropped from its late-2025 highs before finding solid ground near $2,600, and since then it's been quietly rebuilding. The moving averages are starting to come together, which historically tends to precede bigger directional moves when price stays above reclaimed support like this.
⬤ The push toward $3,650 isn't just about one number—it's about what that level represents for market psychology. The 200-day moving average typically acts as a longer-term trend compass, and if Ethereum can sustain a move into that zone, it would confirm that the recent weakness has been fully absorbed. Right now, with ETH holding above support and momentum gradually building, the market is watching to see if this setup can actually deliver a breakout that shifts sentiment across the broader crypto space.
Alex Dudov
