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

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Related Reading: Solana Rallies Into Pivotal Zone – $180 Level Could Define Next Move 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.

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.

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.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: ETH Ethereum Analysis Ethereum Ethereum ETHUSDT Ethereum news Ethereum price Ethereum Technical Charts Ethereum Price analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 22:00:55 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 662 words

Reading Time: 4 minutes read

Sentences: 72 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28639979

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Main Topics: Crypto

Official Website: newsbtc.com

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