{"id":20880,"date":"2025-05-20T19:44:07","date_gmt":"2025-05-20T19:44:07","guid":{"rendered":"https:\/\/gold.creditcard\/ethereum-price-gained-90-the-last-time-this-indicator-turned-bullish\/"},"modified":"2025-05-20T19:44:07","modified_gmt":"2025-05-20T19:44:07","slug":"ethereum-price-gained-90-the-last-time-this-indicator-turned-bullish","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/ethereum-price-gained-90-the-last-time-this-indicator-turned-bullish\/","title":{"rendered":"Ethereum price gained 90% the last time this indicator turned bullish"},"content":{"rendered":"

Key Takeaways:<\/strong><\/p>\n

Ethereum is forming a bull flag on the daily chart, with a potential breakout above $3,600.<\/p>\n

If ETH reclaims the 2-week Gaussian Channel mid-line, a 90% rally could occur.<\/p>\n

Ethereum (ETH)<\/a> price is consolidating between $2,400 and $2,750 on its daily chart, forming a bull flag pattern with sights on the $3,000 to $3,100 resistance zone. A bull flag is a continuation pattern that follows a sharp rally (black flagpole) to $2,730 from $1,900, with the current range forming the flag.\u00a0<\/p>\n

Ethereum 1-day chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n

A bullish breakout above $2,600 could target $3,600, which is calculated by adding the flagpole height to the breakout point, but the immediate key area of interest remains between the resistance range at $3,100-$3,000.\u00a0<\/p>\n

The 200-day exponential moving average (EMA) supports the lower range. The relative strength index (RSI), although still near the overbought region, has significantly cooled over the past few days.\u00a0<\/p>\n

An ETH breakout with rising RSI and volume could confirm the bullish move, while a drop below $2,400 risks invalidating the pattern.<\/p>\n

Can Ether reclaim the Gaussian Channel midline?<\/h2>\n

On May 20, Ether showed a significant trend shift as it attempted to reclaim the mid-line of the 2-week Gaussian Channel, a technical indicator used to identify price trends. The Gaussian or Normal Distribution Channel plots price movements within a dynamic range, adapting to market volatility.\u00a0<\/p>\n

Historically, when ETH crosses above this mid-line, significant rallies often follow. In 2023, ETH surged 93% to $4,000 after a similar crossover, while in 2020, it skyrocketed by 1,820%, sparking a massive altcoin rally.<\/p>\n

Ethereum Gaussian channel analysis. Source: Cointelegraph\/TradingView<\/em><\/p>\n

Conversely, a similar setup in August 2022 led to an invalidation during a market correction, highlighting the risks of relying solely on this indicator. <\/p>\n

Likewise, crypto trader Merlijn noted<\/a> a golden cross between the 50-day SMA and 200-day SMA (simple moving average), which could further strengthen an imminent ETH breakout. It is important to note that the golden cross is on a 12-hour chart, which is less dependable than the one-day chart.\u00a0<\/p>\n

Related: Bitcoin fractal analysis forecasts new all-time highs above $110K by end of week<\/strong><\/em><\/a><\/p>\n

Traders exercise caution ahead of possible \u2018range-bound environment\u2019<\/h2>\n

Popular crypto trader XO noted<\/a> that Ethereum is consolidating under a \u201cdecent\u201d resistance level below the $2,800 mark. The trader expects a correction if ETH cannot break above $2,800 over the next few days. The analyst said,<\/p>\n

\u201cI am leaning toward price carving out a range bound environment for at least several weeks potentially longer, and once again becoming a buyer.\u201d<\/p>\n

A contrarian outlook to bulls can also be observed with ETH prices oscillating under the Fibonacci levels. Cointelegraph reported<\/a> that Ether recently retested the 0.5 to 0.618 Fib levels, which could trigger a short-term correction for ETH.\u00a0<\/p>\n

In such a scenario, the immediate area of support remains around $2,150 and $1,900, possibly slowing down the bullish momentum for a prolonged period.\u00a0<\/p>\n

Ethereum 1-week price analysis. Source: Cointelegraph\/TradingView<\/em><\/p>\n

Related:\u00a0Why is Ethereum (ETH) price up today?<\/strong><\/em><\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>","protected":false},"excerpt":{"rendered":"

Key Takeaways: Ethereum is forming a bull flag on the daily chart, with a potential breakout above $3,600. If ETH reclaims the 2-week Gaussian Channel mid-line, a 90% rally could occur. Ethereum (ETH) price is consolidating between $2,400 and $2,750 on its daily chart, forming a bull flag pattern with sights on the $3,000 to […]<\/p>","protected":false},"author":0,"featured_media":20881,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=20880"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/20881"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=20880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=20880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=20880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}