Market Update: $ETH Shows Strong Bullish Momentum After Consolidation Breakout


​The digital asset market is witnessing a significant surge today as $ETH breaks out of its recent consolidation zone. Following a period of sideways movement, the price has reclaimed key levels, currently trading at $3,334.81, marking a robust +7.72% gain over the last 24 hours.


​Technical Breakdown: The Bullish "God Candle"


​The hourly chart reveals a decisive "God Candle"—a massive green candle that propelled the price from the $3,200 level to a daily high of $3,383.63. This move effectively cleared several layers of overhead resistance that had capped gains over the previous 48 hours.



  • ​Moving Averages: The price is now trading well above the MA(7) ($3,276), MA(25) ($3,178), and MA(99) ($3,124). The steep upward slope of the short-term MA(7) confirms that the immediate trend is aggressively bullish.


  • ​Volatility and Volume: The 24-hour trading volume has reached a staggering $15.44B, suggesting high institutional and retail participation in this breakout.


  • ​Support & Resistance: * Immediate Support: $3,270 (MA(7)) is the first line of defense.


    • ​Major Resistance: The psychological level of $3,400 remains the next major target for bulls.


​Market Sentiment and Data


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​Looking at the broader timeframes, the asset has performed exceptionally well in the short term, up 4.23% today and over 10% on the 1-year chart. The Order Book currently shows a strong imbalance, with 83.37% of participants leaning "Long," indicating a prevailing sentiment that the rally has more room to run.


Summary of Key Metrics

Metric. Value

Last Price. $3,334.81

24h High. $3,383.63

24h Change. +7.72%

Mark Price. $3,334.87

Long/Short Ratio. 83.37% / 16.63%

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