ETH Breaks Through Key Resistance, Bullish Main Wave About to Start

Recently, ETH has been consolidating and building a base in the 2000-2200 range, repeatedly pulling back to test support without effectively breaking below it. Panic selling and profit-taking have basically been cleared out. On April 14, it surged 9.2% in a single day, strongly breaking through a 7-month descending channel, hitting a 10-week high of $2,393. The market shifted from weakness to strength, and bullish momentum has clearly warmed back up.

From the chart perspective, the daily timeframe is holding above the 50-day moving average. MACD forms a golden cross, and bullish alignment is in place—downside momentum has completely exhausted. On the 4-hour timeframe, it broke through a key resistance level with increased volume. Resistance at 2500 and 2800 is clear above, while support at 2200 is solid below. On the higher timeframe, the larger uptrend remains intact. After the breakout, room opens up, and the medium-term target is directly aimed at $3,400.

On Monday morning, the recommendation is to buy ETH on staged dips in the 2230-2250 range, taking long positions in batches. For the short term, watch for a breakout above 2350-2400. For the mid-term, look for 2800-3000. If the trend is not broken, hold steady your positions and wait for the main bull run phase. $BTC