Ethereum Bulls are Preparing for a Major Price Breakout Above the 100-day EMA

Ethereum is trading around $1,850, and bulls remain focused on one technical price trigger to initiate a big rally. Bulls are waiting for a sustained close above the 100-day EMA near $1,938. That is the line in the sand. Crack it with convincing volume, and the medium-term picture finally starts looking brighter. Miss it, and late longs could end up holding the bag.

The data behind this setup still looks tidy. Exchange outflows continue to reduce available sell-side supply, while staking keeps locking away circulating ETH. Meanwhile, futures volume has jumped sharply, and funding rates remain positive. That tells us buyers are still willing to pay for exposure, although the market has not reached full euphoria just yet.

The long-to-short ratio sits close to 0.96, keeping positioning near balance instead of leaning too heavily in one direction. At the same time, Ethereum has tightened into an intraday range between $1,845 and $1,865. Markets love making traders wait, but tight ranges rarely stay quiet for long. Institutional interest has also continued to build, adding another layer of support beneath the chart.

With the MACD crossing into positive territory and ETH holding above the 50-day EMA near $1,818, the technical structure still leans bullish. Even so, this remains a level-by-level trade rather than a victory lap. As always, the chart gets the final vote, not our opinions.

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Ethereum price has gained about 4% over the past seven days, making it one of the stronger performers among the top ten cryptocurrencies by market cap. Trading activity has also picked up, with 24-hour volume hovering around $7.0 billion. Fresh money appears to be joining the move instead of traders simply passing the same chips around.

The technical picture remains straightforward. Support sits near the 50-day EMA around $1,818, and losing that level would weaken the recovery story. Resistance now stretches between $1,875 and $1,900, while the 100-day EMA near $1,938 remains the real gatekeeper. A convincing daily close above it puts $2,000 firmly back on the radar.

If buyers keep volume elevated, exchange outflows continue, and ETH closes above $1,938, the next stops become $2,000 and then the 200-day EMA near $2,180. That would finally give bulls something more exciting than another day of staring at candles.

The base case is less dramatic. Ethereum could spend another week chopping between $1,818 and $1,938 while traders wait for fresh macro catalysts. However, if ETH loses $1,818 on a daily close and exchange outflows reverse, this rally could fizzle out, exposing the $1,700 area once again.

The positive MACD crossover and improving momentum still favor buyers. Even so, charts reward patience more than enthusiasm. Watch the daily close, not every five-minute candle, trying to steal the spotlight.

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ETH at $1,860 is a recovery trade with defined upside targets. The math to $2,180 is roughly 16% from current levels. It’s a respectable target, but that’s a move back to levels ETH already occupied months ago.

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