ETH Reclaims Key Support Level Amid Broader Bullish Trend
Ethereum (ETH) has retested its support level at $2460 after a recent breakout, according to CryptoMichNL. This retest is considered 'clean' as it shows that the price remains above this key level, limiting downside risk and paving the way for further gains towards the $3000 zone.
The current price of ETH is sitting at $2504.21 within its Bollinger Bands, with the upper resistance at $2572.13 being tested while the lower band at $2426.48 marks short-term volatility exhaustion.
Technical indicators are mixed, with the EMA50 providing immediate support above the longer-term EMA200, confirming the broader bullish trend. However, the MACD has registered a bearish death cross at 5.91 and RSI(14) remains neutral at 51.18.
Institutional investors are watching for any sustained hold above the 50-EMA confluence before scaling their exposure to ETH. Price prediction models now incorporate this technical setup into their targets, with some projecting 2026 prices for Ethereum.