Hey guys, just checking the charts this evening and ETH is putting on a show! 🚀
Right now sitting at around $2,050 after jumping over +6.7% in the last 24 hours. We hit a high of about $2,062 before pulling back a bit, but that’s still solid momentum compared to the lows dipping toward $1,897 earlier.
Looking at the candlesticks, it’s been a nice bounce from that dip green candles stacking up, and we’re riding above the MA(7) at ~$2,051 and MA(25) around $2,041.
The MA(99) is chilling lower at $2,020, acting like support in the bigger picture. Volume spiked nicely too, with over 492k ETH traded in 24h, so there’s real buying interest kicking in.
The chart looks bullish short term:
broke out of that consolidation zone, yellow MA curving up, and even the volume bars are showing bigger green lately. Feels like the market shook off some fear and decided to rally a bit today.
Longer term though, still rough down big over 30/90/180 days, but days like this remind you crypto can flip fast. If we hold above $2,050 and push toward that $2,100–$2,200 area next, could see more upside.
Watch for resistance around the recent high.
What do you think is this the start of a proper recovery or just a dead cat bounce before more chop?
Drop your takes below! 📈
#ETH #Crypto #MarketUpdate $ETH
