ETH reclaims the 100 EMA and flashes a bullish MACD crossover. Is the $3,280 resistance the final hurdle? | Credit: Derek Fenech
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Key Takeaways
ETH’s rebound is still technically bullish as long as it holds the $3,100 demand zone.
A break there increases the odds of a run toward $3,508, followed by the $3,782 zone.
However, if ETH breaks below $3,050, it could weaken the current technical setup.
Ethereum (ETH) has regained its footing after last week’s pullback, bouncing off its primary support level and reasserting its bullish structure.
The rebound reflects renewed buyer interest at a critical technical level. This has also prevented a deeper correction and maintained the broader uptrend.
With ETH’s price stabilizing above the $3,080 to $3,100 demand zone and indicators turning higher, the cryptocurrency appears poised for an extended rally.
Will ETH’s price maintain this trend, or will it be a short-lived pullback before sellers step in?
Ethereum Bounce Above 100 EMA
On the 4-hour chart, ETH has moved above the 100-period EMA (blue) after previously hovering along the indicator.
This shift signals a fading of downside momentum, indicating that buyers are steadily reclaiming control following the recent pullback.
Similarly, the Moving Average Convergence Divergence (MACD) has strengthened its short-term trend.
The 12-day EMA (blue) has crossed back above the 26-day EMA (orange), confirming a bullish crossover.
This setup often precedes renewed upside attempts, especially when ETH’s price holds above a major moving average, such as the 100-day EMA.
Structurally, ETH remains within a consolidating zone, forming higher highs, which reinforces the bullish bias.
As long as the price holds above the $3,080 to $3,100 support zone, the uptrend remains technically valid. In this case, dip buyers are likely to stay active to keep the upswing in check.
Overhead resistance remains firm near the $3,280 to $3,300 zone, where sellers previously stepped in aggressively.
A break above this level will be required to unlock the next wave of upside momentum.
ETH Price Analysis: Sideways Movement
On the daily chart, ETH has started on a bullish trail. Supporting this trend, the Awesome Oscillator (AO), which printed red bars a few days ago, has turned green while remaining in positive territory.
This AO position signals rising buying momentum.
The Relative Strength Index (RSI) has also climbed above the neutral line and now sits at 55.59, confirming steady bullish strength.
This suggests there is still room for upside before ETH reaches overbought levels around 70.
Drawing from Fibonacci retracement levels, ETH is trading toward the 0.236 Fib level at $3,174.98. Notably, this serves as the first key resistance.
If buyers push through, the following targets lie between $3,508 and $3,782.
On the downside, if ETH’s price reverses and breaks immediate support at $3,050, the altcoin risks testing the Fib level at $2,621.
In Other News…
Analysts are also anticipating a pump. For instance, Alex Wacy, a crypto analyst, highlighted ETH’s price rotation and its potential to reignite a sustained bullish trend.
“Biggest ETH rotation in 8 years forming right now. Last cycle: Ethereum pumped 50x from this structure. Same pattern. Bigger players. More capital is entering. This phase tests patience, not intelligence,” he said.
Combined with the bullish signals from the 100-day EMA and other indicators, Ethereum’s price appears well-positioned for a sustained upward move.
Meanwhile, Tom Lee’s Bitmine continued to scale its Ethereum bet. Data shows the firm staked an additional 154,208 ETH, worth about $478.77 million, in the past six hours.
With that move, Bitmine’s total staked holdings now stand at roughly 1,344,224 ETH, valued at around $4.17 billion. The steady increase highlights sustained institutional conviction in Ethereum’s staking yield and long-term network growth.
If that staking trend holds, it could help stabilize ETH’s price by reducing liquid supply and locking more coins into long-term positions.
Fewer ETH available on the open market usually means less immediate sell pressure.
However, there is a counterweight. On BlackRock’s side, on-chain data shows the asset manager recently deposited 5,692 ETH, worth about $17.82 million, into Coinbase Prime again.
Such transfers are often interpreted as potential preparation for selling or rebalancing.
As a result, while large-scale staking supports price stability, rising exchange inflows from major institutions could reintroduce short-term volatility.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
