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ethereum

Ethereum Holds 200-Day EMA – Is A Breakout To $3,300 Imminent?

Ash Tiwari
by Ash Tiwari
3 months ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As Ethereum (ETH) continues to trade in the mid-$2,000 range, signs are emerging that the second-largest cryptocurrency by market cap may be getting ready for its next leg up. The digital asset appears poised to break out of a bull flag formation, with $3,300 as a potential target.

Ethereum Looks Poised For A Breakout

According to a recent CryptoQuant Quicktake post by contributor ibrahimcosar, the daily ETH chart indicates a breakout from a bull flag formation. The analyst shared the following chart to illustrate ETH’s next possible move.

cq1
Source: CryptoQuant

For the uninitiated, A bull flag pattern is a bullish continuation pattern that forms after a strong upward price movement – the flagpole – followed by a period of consolidation within parallel lines – the flag. It typically signals that the asset may break out upward and continue its prior uptrend.

Related Reading: Ethereum Forms Inverse H&S – Bulls Eye Breakout Above $2,700 Level

Notably, ETH has been consolidating between $2,400 and $2,700 for the past 17 days. This consolidation – combined with the prior upward momentum – has formed a classic bull flag pattern on the daily chart.

In addition, ETH has remained above the 200-day Exponential Moving Average (EMA) during this same period. The analyst emphasized the bullish implications of this technical signal, stating:

Staying above the 200-day EMA is a bullish signal, and it’s highly likely that in the next strong move, we could see ETH in the $3000–$3500 range. This is the kind of clear bullish signal we’ve seen before major rallies in the past.

Further, ibrahimcosar noted that Ethereum’s movement often serves as a bellwether for the altcoin market. Historically, when ETH rallies, other altcoins tend to follow suit. A breakout in ETH could thus trigger broader gains across the crypto market.

Meanwhile, noted crypto analyst Titan of Crypto shared the following weekly chart illustrating potential ETH price targets if it sustains its current bullish trajectory. The chart shows ETH hitting as high as $8,500 by the beginning of 2026.

titan
Source: Titan of Crypto on X

What Are ETH Whales Anticipating?

In a separate post on X, crypto analyst Ali Martinez observed that Ethereum whales – wallets holding 10,000 to 100,000 ETH – have accumulated over 1 million ETH in the past month.

ali
Source: ali_charts on X
Related Reading: Bitcoin, Ethereum See Nearly $1 Billion In Exchange Outflows – Smart Money Positioning Ahead?

Similarly, Web3 growth manager Cas Abbe recently remarked that ETH is starting to show signs of life once again. The executive predicted that ETH may reach $4,000 by Q3 2025.

That said, hurdles remain. Blockchain analytics firm Glassnode recently stated that once ETH reaches $2,800, it may witness strong selling pressure which can derail its bullish momentum. At press time, ETH trades at $2,620, down 1% in the past 24 hours.

ethereum
ETH trades at $2,620 on the daily chart | Source: ETHUSDT on TradingView.com
Featured image created with Unsplash, charts from CryptoQuant, X, and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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