While many traders are still calling for a deeper dump, Ethereum just sent a clear bullish warning signal. On Tuesday, ETH officially broke above the long-term descending trendline that has capped price since October 7, surging 6.21% in a single session. As of Wednesday, Ethereum is now hovering right around the 50-day EMA near $3,315 — a major make-or-break level for trend continuation.
If ETH can secure a strong daily close above the 50 EMA, buying pressure is likely to accelerate, opening the path toward the next key resistance at $3,592.
Momentum indicators are now firmly backing the bulls:
Daily RSI stands at 57, clearly above the neutral 50 level, signaling strengthening bullish momentum.
MACD printed a bullish crossover last week and continues to slope upward, reinforcing the upside breakout structure.
However, this setup is not risk-free. If the market suddenly flips bearish, Ethereum could pull back to its nearest key support zone near $3,017, which previously acted as a strong demand area.
🎯 ETH Trading Plan (Educational Setup)
✅ Buy Entry:
Aggressive: $3,280 – $3,330 (EMA retest zone)
Conservative: $3,360+ after confirmed daily close above EMA 50
🎯 Take Profit (TP):
TP1: $3,480
TP2: $3,592 (major resistance)
TP3 (extension): $3,750 – $3,820
🛑 Stop Loss (SL):
Safe SL: $3,010
Tight SL (aggressive entry): $3,090
🔻 Bearish Scenario:
If ETH loses $3,100 with strong volume, downside targets open toward:
$2,940, then
$2,750 (major structural support)
Final Word
Ethereum is now squeezing between trendline breakout and EMA resistance. A confirmed hold above $3,315 could trigger the next impulsive leg higher, while rejection could trap late bulls in a sharp pullback. The next daily close decides everything.
✅ Follow now for daily ETH & BTC trade setups, live breakout alerts, and high-probability crypto levels before they explode.
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