ETH Must Reclaim This Daily Trend to Trigger a 20% Rally
Ether needs to reclaim the 200-period EMA on the daily chart to confirm a double bottom pattern and target a 20% rally toward $3,900.Summary
Ether's recent 10% rise has brought attention to its daily chart, where a developing double bottom pattern suggests a potential rally toward $3,900, representing about a 20% increase from current levels. However, this bullish structure is contingent upon ETH reclaiming the 200-period Exponential Moving Average (EMA), which has acted as significant resistance since November. A sustained daily close above this EMA, ideally above $3,300, would signal a bullish break of structure and confirm the double bottom thesis.
Analysis of Volume Delta data shows that retail-led buying pressure is currently driving the recovery, with spot and futures Cumulative Volume Delta (CVD) trending higher over the past three weeks. Conversely, whale wallets ($100,000–$10 million) have shown net selling, recording a negative $40 million cumulative delta this week. The ability of ETH to break and hold above the 200-EMA will likely determine whether larger investors re-enter the market or if the price stalls below this critical long-term trend resistance.
(Source：Cointelegraph)