Ethereum Holds Strong Above Key Support as Bullish Momentum Builds

Ethereum (ETH) continues to lead the crypto market with a strong bullish trend, outperforming major assets like Bitcoin and XRP, which show signs of fatigue. ETH recently broke above the 200-day exponential moving average (EMA) on the daily chart—a key technical milestone signaling a potential long-term trend reversal. This breakout has reinforced investor confidence and sparked renewed interest in Ethereum as it pushes toward higher resistance levels.

After surging from below $2,000 to above $2,600 in just a few days, ETH is currently consolidating around $2,430, showing resilience despite a modest 2.35% intraday dip. Compared to the steep retracements seen in other cryptocurrencies, Ethereum’s pullback appears shallow and controlled. The strength of this rally is further validated by a surge in trading volume, which suggests genuine buyer interest rather than short-term speculative moves or low liquidity.

Ethereum’s decisive structure, strong support levels, and high-volume breakout indicate firm market conviction. If ETH can maintain support above the $2,400 zone, the next key price targets include $2,700 and potentially $3,000. The bullish momentum is not just psychological but technically grounded, with ETH firmly breaking out of its long-term downtrend channel.

With altcoin leadership, stable consolidation, and growing optimism among traders, Ethereum’s current trajectory sets it apart from assets like XRP, which are grappling with inconsistent price action. Ethereum remains a top-performing asset in this cycle, reflecting both strong fundamentals and technical strength.