Ethereum Price Prediction: ETH Trapped Below Resistance
Ethereum Ethereum Price Prediction: ETH Trapped Below Resistance Ethereum still needs to reclaim $2,500 and then break above $3,100 before bulls regain control. Meanwhile, a breakdown in oil has added another ETH rebound argument, with one analyst pointing to a possible move back above $4,000 if the inverse setup holds. Ethereum Price Needs Two Breakouts Before Bulls Regain Control Ethereum must reclaim two major weekly moving averages before its chart turns bullish, according to analyst Ali Charts on X. The analyst said ETH needs to move back above the 200-week SMA at $2,500 and then break cleanly above the 50-week SMA at $3,100. Ethereum Weekly Chart. Source: The weekly chart shows Ethereum trading below both major moving averages. That keeps ETH under pressure, even after its recent rebound from lower support. The first key trigger is the 200-week SMA near $2,500. A move above that level would show that buyers are starting to regain control of the longer-term trend. However, Ali Charts said Ethereum would still need a second confirmation. The next trigger is a clean breakout above the 50-week SMA near $3,100. That level sits closer to the next major resistance area on the chart. If ETH clears it, the structure would look stronger and could shift attention toward