Ethereum Breakout Thesis Gains Momentum with Clean Technical Alignment

Ethereum is trading at $2,270.6, just $64 below its recent swing high of $2,334.57.

The price is holding well above the 200-day EMA at $2,004.38, indicating a macro uptrend intact.

Nine out of ten technical tools are pointing higher, with moving averages stacked in perfect bullish order and momentum indicators firing hot.

The double bottom pattern on the chart suggests institutional accumulation, while the ascending trendline at $2,010.8 has held as dynamic support.