Ethereum has demonstrated significant technical strength by breaking critical resistance levels, signaling potential upward momentum.
The cryptocurrency successfully shattered a prolonged Relative Strength Index (RSI) downtrend originating from March 2024, marking a notable shift in market dynamics. This technical breakthrough coincides with Ethereum reclaiming the crucial $2,500 support level and securing a close above the 21-week simple smoothed moving average (SSMA).
The consolidation phase established above $2,500 provides a stable foundation for potential appreciation. With the 21-week SSMA transitioning into dynamic support, technical indicators suggest capacity for further gains.
Market analysts highlight that sustaining this momentum could propel Ethereum toward the $4,000 threshold. Continued strength above reclaimed technical levels remains essential for validating this projected bullish trajectory.