• Ethereum has gained nearly 200% since the last CrossX buy signal.
• ETH is in a re-accumulation phase, with targets set at $5,700 and $7,500.
• Momentum and inflows remain strong, but short-term consolidation is likely.

Ethereum continues to display renewed market confidence after closing the week at around $4,751, marking a +5.2% gain. The weekly candle opened near $4,516 and reached a high of $4,756, showing strong buying pressure and renewed optimism. This solid performance followed weeks of consolidation, suggesting that investors are once again accumulating.

According to Expert Ezy, Ethereum has already rallied nearly 200% since the last buy signal from the CrossX indicator. The coin now appears to be in a re-accumulation phase, a period where traders prepare for the next big move. Once this buildup concludes, the next potential price targets are $5,700 and $7,500, provided that a new buy signal confirms the next leg upward.

Technical Indicators Show Solid Market Structure

The technical chart favors Ethereum’s current uptrend. On the weekly chart, all of the major moving averages are comfortably below the current price level between $2,900 and $3,900. Such positioning highlights a typical bullish pattern of higher lows and higher highs, and sturdy support areas clustering between $3,600 and $3,900.

If a correction even results, buyers are set to intervene in that territory prior to stronger supports around $2,900 setting in. The Chaikin Oscillator is about 97.6K, a sign of strong inflows of capital and accumulation demand.

Meanwhile, the RSI is at about 66, a sign of healthy momentum but also nowhere near going into an overbought condition. Such a configuration tends to precede gradual upward movements instead of sharp reversals.

The Bollinger Bands are also expanding, signalling increasing volatility. The higher band is around $5,464, some 15% higher than current prices. That band provides Ethereum space to move a bit higher before running into significant resistance.

Altcoins Start to Follow Ethereum’s Lead

Market analyst Michaël van de Poppe pointed out that Ethereum also started to bottom against Bitcoin, signaling a trend reversal to benefit altcoins.

With Ethereum beating Bitcoin in recent times, many altcoins also began picking up momentum. Van de Poppe believes it’s going to continue this trend, which may lead to a return of 200–500% for the entire altcoin market.

Overall, Ethereum’s technical condition is healthy, and indicators are indicating steady accumulation and growing volatility. Traders are waiting for a confirmation of sorts by the CrossX indicator to see if it is actually starting off on the next run to $5,700 or $7,500.

Also Read: Ethereum’s Bullish Surge: Will ETH Skyrocket to $7,331?