ETH: Price Action Fuels DeFi Momentum
ETH at $1801.15 posts strong gains as DeFi momentum builds and Clarity Act approval nears, with 4h chart showing bullish EMA structure.
SourceAnalysis
ETH posted sharp gains that point to fresh DeFi buying interest while the Clarity Act edges toward passage.
Price sits at $1801.15 inside a bullish trend defined by EMA50 at $1751.74 and EMA200 at $1746.87. MACD registers a golden cross at 12.64, confirming trend strength. RSI at 61.65 leaves room before overbought territory.
Price now tests the upper Bollinger Band at $1819.05. A healthy pullback toward the 50-EMA support at $1751.74 remains the most probable next move before continuation. Traders watching ETH price prediction models will note how this setup aligns with renewed sector flows rather than any crypto market crash narrative.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast