ETH Breaks 200 EMA, Signaling Fresh Bullish Momentum

Ethereum just hit a significant technical milestone by pushing above the 200 EMA on the hourly timeframe. Traders typically view this level as a critical gauge for spotting trend reversals, and the current breakout suggests strengthening bullish momentum. The move comes alongside an interesting shift in capital flows, with some investors pulling back from tech giants like Nvidia and redirecting funds into digital assets.

Why Money's Flowing Into ETH

Holding above $4,200 is crucial for bulls to maintain confidence. The resistance zone between $4,280 and $4,300 will be the next test. If that breaks, things could get interesting quickly. On the flip side, losing support here would likely send ETH back down to retest $4,100, where there's decent liquidity waiting.

Technical Picture

The chart reveals a decisive break above the 200 EMA, backed by solid volume and strong green candles. The support zone sits between $4,180 and $4,200, where a fair value gap lines up nicely with the moving average, creating what looks like a reliable floor for now. On the upside, resistance clusters around $4,260 to $4,280, an area where previous rallies have lost steam. If buyers can push through that ceiling cleanly, the next logical target would be $4,320 or higher.

The momentum indicators look healthy, and the volume spikes confirm this wasn't just a quick fake-out but rather a move with real participation behind it.