Ethereum Price Bull Run Looks Intact, Maintains Above Key Support

Ethereum price is maintaining an active bullish trend as its prices move above a critical moving average.

Analyst charts show that the present pattern confirms that Ethereum is on a stable upward trend.

The Bybit hack did not stop Ethereum from displaying solid resilience despite being deeply affected, strengthening the bullish outlook.

ETH Maintains Bull Market Trend Above the Blue Moving Average

As per an earlier report, the price prediction for Ethereum is $3200 in the short term.

Ethereum price continues to trade higher than its blue moving average over two weeks. This line historically signals rising market trends.

The chart demonstrates past moments when Ethereum moved below the blue moving average, which became the start of enduring bear market conditions.

When the moving average crossed upward, a large bull market would start.

Ethereum successfully maintained its position above the support line from early 2023 until the present day.

The price of $2805 maintains a bullish outlook for Ethereum because the blue moving average remains below the market value.

The current technical indicators demonstrate that traders predict Ethereum’s continued long-term growth by maintaining bullish market sentiments.

The historical price charts of Ethereum demonstrate strong relationships between blue moving average movements and market period changes.

The cryptocurrency market entered bearish periods after bearish crossovers occurred in 2018 and 2022, which became the onset of bear markets.

Two bullish crossovers occurred during 2020 and 2023 and started major upward price patterns.

Ethereum maintains the bullish crossover pattern as active, so the market’s sustained purchase interest continues because of its current support level.

Market trend traders and analysts observe forecasts for major price appreciation because this pattern consistently appears before notable price gains.

The proper support that Ethereum maintains today suggests it will further strengthen its status within the cryptocurrency world.

Ethereum’s Price Resilience Despite Bybit Hack Reinforces Bullish Momentum

Following the Bybit hack, Ethereum faced rigorous trials that caused market-wide crypto market instability.

The negative news did not impact Ethereum as it continued to stay above its blue-moving average, showing positive buying patterns and market faithfulness.

Ethereum strongly resists external disturbances because of its established stable bull market.

During the consolidation phase, in the 4-hour timeframe, Ethereum maintained prices between $2,600 and $2,800.

These price constraints form a consolidation pattern that signals traders are building their positions in anticipation of breaking through to undertake substantial trades.

The current market sentiment remains stable because selling pressure shows no major spikes, as depicted by the volume delta results.

Ethereum price maintained its position above $2800 due to immediate purchasing activity, which negated any minor price drops.

The small non-dominant volume delta data confirms that market worries about bearish movement cannot shatter the current support level, boosting bullish price predictions.

The accumulation of increased purchasing activity at the end of the analyzed consolidation phase demonstrates robust bullish trends.

These might trigger an upcoming breakout as buying intensity keeps rising.

The analysis of volume delta shows traders when a sustained positive trend appears because it indicates upcoming price gains for Ethereum.

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