Ethereum’s price action has formed a merger pattern between $2,500-$2,540, with a decrease in volume, indicating accumulation rather than allocation.
Cryptocurrencies are still trapped below the critical resistance level of $2,800 that has been holding onto the hurdles several times in recent weeks, and traders are closely watching the breakthrough, which could trigger new momentum to $3,000.
Meanwhile, the points activity has reached record levels Now there are 35 million ETH lockedas geopolitical uncertainty continues to inject volatility between financial markets, it is likely to reduce circular supply.
Technical analysts point out that Ethereum may be approaching a potential “golden cross”, a bullish signal, which happened when the 50-day moving average rose above 200 days, an indicator of an important upward trend that has been happening in history.
Technical analysis faults
- ETH experienced a 4.05% trading range ($106.11) in 24 hours, down from $2,564.28 to $2,455.95 before recovering.
- Strong batch support emerged in the $2,490-$2,500 area, establishing a critical layer of technology that eliminates multiple downlink local tests.
- Price action forms a merger pattern between 2,500-$2,540 between the second half of the period, with a decrease in volume indicating accumulation rather than allocation.
- ETH experienced a significant bullish breakthrough at 11:43, soaring from $2,506 to $2,517, a higher margin (5,876-8,096 units).
- The sales pressure was around $2,515, and it dropped sharply to $2,503 between 12:19-12:22, resulting in a channel of decline that ended up reaching $2,503.
- The hourly price action forms a clear V-shaped recovery pattern, with the $2,503-2,504 area identified as important short-term support.
Disclaimer: Some parts of this article were generated with the help of AI tools and reviewed by Coindesk’s editorial team to meet our standards. For more information, see Coindesk’s complete AI policy.
