Ethereum trading at the moment for $4,483, consolidates right below the key resistance figure. Technicals portray bullish momentum building with $4,400 support level and upside target $4,816 – $5,000.
Breakout forecasted past $4,816, rallying towards $5,000 – $5,200 range.
Key Technical Indicators
- RSI: 58 → Neutral-bullish range, breakout above 60. ETH isn't overbought or oversold currently, allowing upward trend. Hitting at least 60-65 will confirm a bullish momentum.
- MACD: Bullish crossover → momentum continues building. Signals strong momentum and increasing buying pressure.
- CCI (Commodity Channel Index): 135. Bullish reading of 135, strong upward momentum, consistent with past breakout setups and for continuing price appreciation action.
- ADX (Average Directional Index): 26.3. Trend confirmation gaining strength. >25 signals that a directional move is upcoming. Rising ADX for breakout.
- Volume: Steady accumulation signs on dips.
- EMA 20/50: Golden cross forming → bullish momentum.
- SMA 200: Upward sloping curve → long-term trend intact.
Support & Resistance Levels
- Major Support: $4,400
- Secondary Support: $4,210
- Monthly Pivot: $4,245
- Immediate Resistance: $4,700
- Breakout Resistance: $4,816
- Bullish Target 1: $5,000
- Bullish Target 2: $5,200
- Extended Target: $5,800 – $7,000
Ethereum portrays strength below critical resistance level. Bulls can push ETH above $4,816 with enough volume to accelerate bullish momentum towards $5,000 and beyond. Ethereum must hold at $4,4000 to keep the bullish structure intact. Keep a close eye on the MACD and RSI for the confirmation!
Ethereum Technical Analysis 10/7/2025
byu/bzzking inethtrader
Posted by bzzking