Ethereum: Breaks $2400 for First Time in Three Months
Ethereum breaks $2400 for first time in three months as $ETH jumps 28% in four days, with 4h chart showing RSI at 93.85 and MACD golden cross.
SourceAnalysis
Ethereum broke $2400 for the first time in over three months, with $ETH surging 28% over the past four days according to @BullTheoryio.
Price action on the 4h chart sits at $2393.6 inside a bullish structure defined by EMA50 at $2046.35 and EMA200 at $1921.37, while MACD registers a golden cross at 123.48; with price testing upper Bollinger resistance at $2525.3 and RSI(14) at 93.85 flashing overbought, a healthy retracement to the 50-EMA support at $2046.35 seems probable before further continuation. Traders tracking ETH price prediction models and Ethereum breakout analysis now focus on crypto volatility metrics for the next move.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.
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