Ethereum: Closes Above $2400 With Q4 Setup Intact

Ethereum posted a decisive weekly close above $2400 and currently trades at $2491.56, keeping the same bullish structure that preceded strong Q4 moves in the prior twelve months.

Traders now watch whether the token can defend the zone through month-end and print a green August finish before any deeper pullback.

With price testing upper Bollinger resistance at $2515.4 while RSI(14) flashes overbought at 70.05 and MACD registers a death cross, a healthy retracement toward the 50-EMA support at $2248.91 appears probable before continuation; the 200-EMA at $2008.58 remains the deeper line that would need to hold for the broader bullish trend to stay intact heading into Q4 seasonal performance.