Close Menu
Elon Musk Monitor
  • Home
  • Elon Musk
  • AI
  • Cybertruck
    • DOGE & Cryptocurrency
    • Financial & Business
  • Grok
    • Hyperloop & Urban Mobility
    • Innovations & Future Projects
  • Mars Colonization
  • Neuralink
    • Philanthropy & Humanitarian Efforts
    • Public Perception & Cultural Impact
    • SolarCity & Renewable Energy
  • SpaceX
  • Starlink
  • Tesla
    • The Boring Company
  • X

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

USAID is all but gone. For one family, 3 generations of service were defined by it

May 13, 2025

Bitcoin Price Pulls Back to Support: Opportunity or Warning Sign?

May 13, 2025

PEPE Becomes Most Traded Meme Coin With $4-B Volume

May 13, 2025
Facebook X (Twitter) Instagram
Elon Musk Monitor
  • Home
  • About Us
  • Advertise with Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Home
  • Elon Musk
  • AI
  • Cybertruck
    • DOGE & Cryptocurrency
    • Financial & Business
  • Grok
    • Hyperloop & Urban Mobility
    • Innovations & Future Projects
  • Mars Colonization
  • Neuralink
    • Philanthropy & Humanitarian Efforts
    • Public Perception & Cultural Impact
    • SolarCity & Renewable Energy
  • SpaceX
  • Starlink
  • Tesla
    • The Boring Company
  • X
Elon Musk Monitor
Home » Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next?
DOGE & Cryptocurrency

Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next?

elonmuskBy elonmuskMay 12, 2025No Comments4 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Este artículo también está disponible en español.

Ethereum is gaining serious momentum after a powerful 45% surge last week, reclaiming key price levels and fueling speculation about the start of a broader altseason. The second-largest cryptocurrency by market cap is now pushing into critical resistance zones that could define the next leg of this rally. After months of underperformance and bearish sentiment, ETH’s sudden strength is shifting investor focus back toward the altcoin market, with analysts pointing to Ethereum’s breakout as a potential spark for widespread recovery across the sector.

Related Reading

Top analyst Daan shared a technical analysis highlighting the significance of Ethereum’s recent move. According to Daan, the massive weekly candle—one of the largest in years—was driven by a combination of technical breakout and short squeezes, as a large number of bearish positions were caught off guard.

This surge not only invalidated recent bearish structures but also marked a structural shift in momentum. With Ethereum now pressing into new territory and investor confidence rising, the market appears poised for renewed strength. If ETH continues to hold above current levels, it could pave the way for altcoins to follow in what may become the strongest altseason since 2021.

Ethereum Reclaims Strength As It Tests Key Resistance

Ethereum is finally showing signs of strength after months of sustained bearish pressure. Since late December 2024, ETH had been in a steady downtrend, losing more than 66% of its value as investors rotated into other assets amid macroeconomic uncertainty and dwindling altcoin demand. However, a major shift in sentiment emerged in early April, as Ethereum began climbing rapidly, gaining over 85% in just a few weeks. This rally has brought ETH back into critical resistance levels that could determine whether a sustained uptrend is now underway.

Daan highlighted the significance of this move, stating that Ethereum is now at a “big level.” He noted that last week’s price action produced the largest weekly candle in years—an explosive move fueled by a massive short squeeze. Months of built-up bearish positions were flushed out as the rally caught many by surprise, sending prices sharply higher.

Ethereum testing a big level | Source: Daan on X
Ethereum testing a big level | Source: Daan on X

Daan cautions that while the move is impressive, the next phase is about managing volatility: “Play this level by level,” he advises, “and watch for next week to develop to see where these alts are going to get picked up after the squeezes are done.”

This moment is crucial not only for Ethereum but also for the broader altcoin market. ETH’s recovery is often a leading indicator of renewed risk appetite and capital rotation into smaller assets. With bulls now in control and price pressing into a key supply zone, how Ethereum behaves over the coming days could determine whether altseason truly begins—or whether this rally was just a reaction to overly bearish positioning. Either way, ETH’s strength has put the market back on alert.

Related Reading

Technical View: Price Surges Above Weekly Moving Averages

Ethereum is showing clear signs of recovery on the weekly timeframe, breaking decisively above the 200-week exponential moving average (EMA) and simple moving average (SMA) for the first time since its downtrend began earlier this year. After reaching a weekly low below $1,400 just a few weeks ago, ETH has rallied aggressively, closing this week near $2,555—a 45% surge that marks its most explosive candle in over a year.

ETH pushing above the 200-week MA | Source: ETHUSDT chart on TradingView
ETH pushing above the 200-week MA | Source: ETHUSDT chart on TradingView

The chart shows ETH pushing past the 200-week EMA at ~$2,259 and reclaiming the 200-week SMA at ~$2,451. Analysts often use these two long-term trend indicators to distinguish between bear and bull market phases. Ethereum’s ability to close above both signals a potential shift in sentiment and structure, especially after months of lower highs and declining volume.

Volume on this breakout is also notable. The past two weeks have seen a significant uptick in participation, suggesting this move isn’t just a short squeeze, but potentially the start of a broader recovery trend. ETH still faces resistance in the $2,700–$2,800 zone, but reclaiming this range could open the door for a sustained rally into Q3. The next few candles will be key in confirming this bullish reversal.

Featured image from Dall-E, chart from TradingView



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
elonmusk
  • Website

Related Posts

Bitcoin Price Pulls Back to Support: Opportunity or Warning Sign?

May 13, 2025

PEPE Becomes Most Traded Meme Coin With $4-B Volume

May 13, 2025

Bitcoin Price Targets $110,000 All-Time High After Consolidation Trend Ends

May 13, 2025
Leave A Reply Cancel Reply

Don't Miss
Cybertruck

Tesla Cybertruck police truck donor revealed

A batch of Tesla Cybertrucks were recently revealed to be a donation to the Las…

Tesla upgrades its ridiculous Cybertruck wiper after owners report issue

February 27, 2025

Tesla Cybertruck contract with State Dept. may have been modified after Biden admin

February 26, 2025

This Tesla Cybertruck feature helped it earn a ‘Best Tech’ award

February 25, 2025
Top Posts

Bitcoin Price Pulls Back to Support: Opportunity or Warning Sign?

May 13, 2025

PEPE Becomes Most Traded Meme Coin With $4-B Volume

May 13, 2025

Bitcoin Price Targets $110,000 All-Time High After Consolidation Trend Ends

May 13, 2025

Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next?

May 12, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to Elon Musk Monitor, your go-to source for comprehensive, up-to-date information on the life, work, and innovations of one of the most influential figures in the world today—Elon Musk. Our mission is to keep you informed about Musk’s ventures and projects, ranging from electric vehicles to space exploration, and everything in between. Whether you’re a tech enthusiast, investor, or simply curious about Musk’s impact on the world, we’ve got you covered.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Bitcoin Price Pulls Back to Support: Opportunity or Warning Sign?

May 13, 2025

PEPE Becomes Most Traded Meme Coin With $4-B Volume

May 13, 2025

Bitcoin Price Targets $110,000 All-Time High After Consolidation Trend Ends

May 13, 2025
Most Popular

How I met my partner on X/Twitter

February 8, 2025

DOGE staffer resigns after racist posts uncovered. Elon Musk might bring him back.

February 9, 2025

OpenAI accuses DeepSeek of stealing data, internet digs into the ‘irony’

February 9, 2025
  • Home
  • About Us
  • Advertise with Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 elonmuskmonitor. Designed by elonmuskmonitor.

Type above and press Enter to search. Press Esc to cancel.