Ethereum: Holds Multi-Year Trendline at $2126

Ethereum trades at $2126.18 while compressing on a multi-year trendline after repeated retests, according to trader @CryptoKing4Ever. The structure favors a recovery toward the $4000 region provided the line holds on a weekly basis.

Price sits just beneath the EMA50 at $2130.67 inside the Bollinger Bands, with the upper band at $2157.3 acting as immediate resistance and the lower band at $2031.45 marking short-term support. The RSI(14) at 54.93 remains neutral while the MACD registers a bullish golden cross at 0.06, creating confluence that favors a brief consolidation above the 50-EMA before any sustained push higher.