A Bullish Pattern Reminiscent of 2021
The traditional “Golden Cross” (crossing of the 50-day moving average above the 200-day) remains a well-known benchmark. Ethereum is now displaying an even more significant event. It’s the bullish crossover of the 100-day exponential moving average (EMA) above the 200-day EMA.
This pattern is considered a long-term trend reversal indicator. It suggests a fundamental bullish restructuring of the ETH market. Indeed, unlike the 50 EMA which is sensitive to short-term variations, the 100 EMA responds to market dynamics over a longer horizon. When it sustainably crosses above the 200 EMA, this reflects renewed confidence from long-term investors and a technical signal of superior reliability.
Ethereum on Solid Bullish Rails
Another remarkable point in this bullish Ethereum dynamic : the price now trades well above its 50, 100, and 200-day EMAs. This technical positioning confirms a clear control takeover by buyers across all classic market timeframes.
The RSI (Relative Strength Index) remains close to 74, illustrating overheated momentum. This is a typical scenario at the beginning of significant bullish recoveries, where enthusiasm amplifies the movement without questioning its legitimacy. This configuration resembles previous historical reversals in the crypto world. Notable examples include the abysmal cycles of 2018 and 2020 that initiated major technical rallies.
With this structural recovery, several key levels emerge in short and medium-term price scenarios :
- Critical resistance zone : $3,200 — necessary observation of profit-taking intensity
- Potential medium-term target : between $3,500 and $4,000, provided there’s confirmation of a sustainable breakout above $3,200
The French cryptocurrency market is increasingly sophisticated thanks to growing adoption of regulated solutions (Ledger, Coinhouse, SG Forge). It could see this signal as a strategic opportunity to initiate or strengthen positions in Ethereum.
The Key Signal That Could End the Crypto Winter
This rare crossing of moving averages on Ethereum could well mark the end of a bearish cycle that began in early 2022. The current bullish trend has a solid structure, validated by both powerful technical indicators and strengthened fundamental dynamics in the ecosystem.
For the English-speaking market, Ethereum remains at the forefront of decentralized finance and Web3 applications. If the momentum is maintained in the coming weeks, a sustainable return to the $4,000 zone seems not only possible but also structurally supported.
Want to add Ethereum to your portfolio via Bybit ? Follow these simple steps to complete your purchase without difficulty :
- Create an account on Bybit using your email address, then complete KYC verification to activate full access to the platform.
- Fund your account by making a deposit via credit card, bank transfer, or cryptocurrency transfer from another wallet.
- Search for the ETH/USDT pair in the Spot or Futures tab, depending on your trading preference.
- Place a buy order by selecting the order type that matches your strategy: market, limit, or futures contract.
- Confirm the transaction, and your ETH tokens will be available in your Bybit wallet in moments.
Remember to analyze market conditions before investing and define a strategy suited to your objectives.
