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Ethereum bulls attacked strongly, and the sword pointed to key resistance levels caused waves

2026-08-23 12:38:48
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Ethereum is approaching key resistance levels, with bulls attacking strongly

Ethereum prices are showing strong momentum and are gradually approaching important resistance areas driven by increased buying interest. The current offer is US$2,417.58, up 1.54% in the past 24 hours. This trend pushed its daily trading volume to US$53.85 billion and its market value to US$292.71 billion.

Key resistance levels are tested

Well-known analyst Crypto Patel recently pointed out that Ethereum is impacting key resistance levels with a large volume over a high time frame. If we can successfully break through and stabilize this resistance, the price is expected to move towards US$3,000. Compared with a brief surge in an instant, a clear breakthrough in the daily closing price is more confirmation.

What are the signals from technical indicators?

Technical indicators show buying pressure is increasing. Ethereum is currently trading above its Bollinger Band's upper rail (US$2,390.58), while its middle rail is at US$1,988.37. Prices hover above the upper track, indicating that upward momentum is strengthening.

The MACD indicator also sends positive signals. The MACD line is at 121.18 and the signal line is at 57.83, and the gap between the two provides technical support for the current trend, although market conditions may cause rapid changes.

Ethereum is currently trading at US$2,417.58 and is seeking to stand above resistance.

The upper track of the Bollinger Band is at US$2,390.58, indicating increased kinetic energy.

MACD is above the signal line, further consolidating the bullish outlook.

Whether the closing price can firmly stand up to resistance is crucial to hitting US$3,000.

The biggest concern for market observers is whether the volume-driven rally can continue. If a breakthrough is confirmed, the $3,000 target will be more realistic; conversely, if this level cannot be held, it may trigger prices to fall back into support. Whether the bullish trend can last depends on the effectiveness of the breakthrough through price trend, trading volume, MACD direction and Bollinger Band performance.

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