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ETHUSD: Bullish Momentum Targets 2829 Above 2745 Pivot

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of ETHUSD for September 22, 2026.

Technical Analysis of ETHUSD

ETHUSD Daily Chart Insight

(ETHUSD Daily Chart, Source: Ultima Markets MT5)

ETHUSD maintains a bullish daily bias after extending its recovery into fresh highs near the upper boundary of the visible chart. Price at 2753.53 remains well above the rising red 16-period moving average (MA16), purple 50-period moving average (MA50), and blue 100-period moving average (MA100). The three averages are positively aligned, with MA16 above MA50 and MA50 above MA100, while all three are turning higher, reinforcing the broader upside structure.

The latest advance has also pushed price decisively beyond the previous consolidation region around 2544.25–2607.40, leaving buyers in control. However, with RSI at 69.90 and price approaching the 2796.85 area, confirmation is still required through a sustained break above this upper resistance zone rather than a rejection back toward the recent breakout area.

Key Levels:

  • Support 1 (2670.55): The nearest visible support and a recent breakout area below the current advance.
  • Support 2 (2607.40): A previous consolidation boundary that could provide secondary support on a deeper retracement.
  • Support 3 (2544.25): A major lower support area close to the rising red 16-period moving average (MA16).
  • Resistance 1 (2796.85): The immediate upper resistance area and the highest clearly visible price zone on the daily chart.

ETHUSD 2-Hour Chart Analysis

(ETHUSD 2-Hour Chart, Source: Ultima Markets MT5)

ETHUSD also carries a bullish 2-hour bias, with buyers controlling the short-term structure after a sequence of strong higher highs and higher lows. Price at 2755.64 is trading above the sharply rising red 16-period moving average (MA16), the rising purple 50-period moving average (MA50), and the upward-sloping blue 100-period moving average (MA100), while the bullish MA16-MA50-MA100 alignment remains intact.

The latest rally reached the 2781.60–2803.40 region before pulling back, suggesting momentum remains constructive but a temporary pause or correction is possible. RSI is at 69.51, close to the upper end of its range but still below the visible 70 level, so further upside remains possible if buyers regain control above recent highs.

Breakout Scenarios:

  • Bullish continuation is the higher-probability outcome, triggered by a decisive break and hold above 2781.60. This would bring the 2803.40 area into focus as the next visible upside resistance.
  • Bearish correction is the lower-probability alternative, triggered by a failure to hold 2738.00 followed by a decisive breakdown. This could expose the 2694.40 area near the rising red 16-period moving average (MA16).

ETHUSD Pivot Indicator

(ETHUSD 30-Minute Chart, Source: Trading Central)

ETHUSD is trading at 2774 on the 30-minute chart, comfortably above the main 2745 pivot, keeping the immediate bias bullish. RSI stands at 61.21, remaining above its recent midpoint region without reaching the visible 70 threshold. MACD remains positive at 19.03, although the MACD and signal lines have started to flatten, indicating that upside momentum is still present but has eased following the latest advance. Price therefore remains in an upward structure, while the loss of momentum near recent highs leaves room for short-term consolidation.

  • Bullish Breakout: Holding above the 2745 pivot keeps the bullish preference active, with 2829 as the first upside target followed by 2850. Confirmation would strengthen if RSI rises from 61.21 toward 70 while MACD remains positive around 19.03 and turns higher again.
  • Bearish Rejection: A decisive break below the 2745 pivot would shift the immediate bias bearish, exposing 2711 first and 2690 next. Confirmation would require RSI to roll lower from 61.21 while MACD falls from 19.03 toward or below 0.

Disclaimer Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.

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