Ethher (eth), the native cryptocurrency of Ethereum, trades above $ 3,150, a level that did not reach since the end of February 2025. And this might not be everything: at least this is suggested by the technical analysis, which shows signals of continuity in the upward trend.
At the time of publication of this note, The ETH price is $ 3.160, 35% below its historical maximum (ATH) of $ 4,890, reached in November 2021.
After this price rebound, Jainam Mehta, financial market analyst, Highlight that “Eth consolidates a break in the range between 2,400 and $ 2,800 and marks a new upward continuation phase.”
In that sense, he explains that ETH has exceeded the resistance by $ 2,970, An area that in previous cycles had stopped multiple pricing attempts.
According to the current disposition of the exponential mobile socks (EMA), ETH still has a boost to continue rising to the area of $ 3,500 to $ 3,500. Currently, EMA of 20 and 50 are found in 2,945 and $ 2,814, respectively, which “offers a dynamic support, helping to contain possible setbacks while the price is still looking for new upward goals.”
In turn, the analyst remarks that Bollinger bands also throw positive signals for the price of the currency of Ethereum.
Bollinger bands are formed by three lines: a central mobile average (usually 20 days) and two bands that measure volatility. When the price of ETH approaches the upper band, it indicates that a buying pressure or continuity of the upward trend; If you approach the lower one, it is a sign of weakness or the beginning of a correction phase.
Currently, ETH is traded near the upper band as seen in the following ETH chart with a 4 -hour temporality TrainingView:
As Cryptonoticia already reported, this ETH rebound indicates that The market rotation cycle is moving and that an Altseason begins to take shape.
This movement occurs every time Bitcoin (BTC) reaches a maximum price and the money begins to flow from there to the cryptocurrency with the greatest market capitalization (which is currently ETH). Following historical patterns, it is a sign that an Altseason could start.
