Ethereum: Holds Key Trendline for Pump
Ethereum holds monthly trendline at $2353.54, signaling bullish pump in ETH price prediction amid neutral RSI and MACD death cross on 4h chart.
SourceTrader Tardigrade, via @TATrader_Alan, highlights Ethereum's monthly chart where holding the critical trendline sparks massive pumps historically, positioning ETH for the next bullish leg up in this ongoing crypto market surge.
As a senior macro-crypto prop trader, I see confluence on the 4h chart screaming opportunity: ETH trades at $2353.54 inside Bollinger Bands, testing the upper resistance at $2435.77 while the lower support at $2294.45 holds firm, backed by a bullish trend with EMA50 at $2308.8 acting as immediate support and EMA200 at $2181.32 reinforcing the floor. Neutral RSI at 50.72 avoids overbought extremes, but the MACD death cross at 23.32 hints at short-term bearish pressure—expect a quick dip to EMA50 before resuming the uptrend, aligning with Bitcoin's recent hype and broader ETH price prediction models forecasting gains amid Ethereum trendline analysis and crypto market pump signals.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.