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Ethereum Holds Above Key $3,200 Level as Bulls Eye All-Time Highs
⬤ Ethereum’s keeping its bullish streak alive, trading comfortably above both the 50 and 200 weekly moving averages. The price has been holding strong, showing that bulls are still running the show. Sitting above these key levels has historically been a reliable sign that more upside could be coming, and right now, ETH looks ready to push higher.
⬤ With ETH hovering around $3,200 to $3,300, the asset has found solid support above its key trendline and is inching closer to testing those all-time highs again. The price has consistently bounced back from pullbacks while respecting the upward trend. The combination of bullish moving averages and strengthening support levels suggests ETH could be gearing up to revisit its previous peaks soon.
⬤ Trading above both the 50 and 200 weekly moving averages shows the market’s still feeling bullish, even with occasional dips along the way. The higher timeframe charts paint a picture of a strong uptrend with growing buying pressure behind it. If ETH keeps holding above these moving averages, we could see it challenge new highs in the coming months.
⬤ This matters because Ethereum often sets the tone for the broader crypto market. ETH’s continued strength suggests the recent bullish run might have legs, and if it stays above these support levels, it could spark renewed confidence across the entire digital asset space.