Ethereum Technical Analysis: Key Resistance at $2,735 Under Pressure

Ethereum Technical Analysis- Ascending Triangle and Moving Averages Align

Ethereum Technical Analysis– Ethereum (ETH) is forming an ascending triangle—a bullish continuation pattern—highlighted by a flat resistance line near $2,735 and a series of higher lows. Over the past two weeks, ETH has failed to close decisively above $2,735, but each pullback has been met with stronger buying support.

Bullish Momentum Is Building

This pattern reflects growing accumulation pressure. As the lows continue to rise, buyers are showing increased confidence in Ethereum’s upside potential. A confirmed breakout above the $2,735 level could mark the continuation of Ethereum (ETH)’s broader rally from the April lows near $1,390.

If that happens, a move above the psychological $3,000 level becomes increasingly likely.

Upward breakouts occur 77% of the time, and breakouts happen roughly 61% of the distance from the base to the cradle.

Technical Indicators Support the Bullish Case

Moving Averages Aligning for Upside

The 50-day simple moving average (SMA) is poised to cross above the 100-day SMA—a golden cross formation that often supports bullish price continuation.

Bollinger Band Squeeze Points to Incoming Volatility

The Bollinger Bands have narrowed to a tight $250 range. Historically, such compression has preceded significant volatility moves for Ethereum (ETH), dating back to November.

Bollinger Bands are placed two standard deviations above and below the 20-day SMA, offering a visual gauge of market volatility. A breakout from this squeeze could amplify any directional move.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.