Ethereum (ETH) is maintaining its upward momentum, holding above key support levels, with a 1.1% increase in the past 24 hours. Trading between $3,281 and $3,386, ETH has shown a 15.0% gain over the past 30 days, reflecting strong investor confidence. The cryptocurrency is currently consolidating near the higher end of its range, having reclaimed the mid-range of the Fibonacci ribbon and holding above the 50-day moving average at $3,289. Despite this positive trend, Ethereum faces resistance between $3,465 and $3,859, which could limit further gains in the short term. The Average Directional Index (ADX) indicates a moderately improving trend, suggesting that momentum is building. Analysts note that Ethereum is trading within an ascending triangle pattern, a potential bullish reversal formation, which could lead to further upside if the price breaks above the current resistance levels.
Ethereum Holds Above 50-Day MA, Eyes Further Gains
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