Ethereum Breaks Through Resistance, Bullish Signals Emerge

Ethereum has crossed the $2,800 resistance level after reclaiming its 200-day moving average (MA200). This bullish signal comes on the heels of a breakout from a descending channel pattern. While momentum suggests potential upside, indicators like volume and MACD show cautious optimism. Analysis indicates that Ethereum’s price could continue to increase if it manages to break past $2,821.70, a crucial level for future direction.