Ethereum (ETHUSD) Shows Fresh Signs of Life, Gaining Upward Momentum After Successfully Breaking Through the Short-term Pressure of the 50-day Exponential Moving Average (EMA50)

This technical shift has sparked optimism among traders, as Ethereum now challenges a descending trend line that has defined recent bearish sentiment.

Ethereum (ETHUSD) price is showing fresh signs of life in the intraday trading session, displaying a rally that has seen it break back above the short-term technical pressure of the 50-day Exponential Moving Average (EMA50).

This technical development has sparked optimism among traders, pushing Ethereum higher toward a descending trend line that has defined recent bearish sentiment.

Ethereum Price Eyes Key Resistance at $1,636

The rally brings ETH closer to the critical resistance level of $1,636 — a zone that has historically acted as a pivot point for sharp directional moves. If bulls manage to secure a confirmed breakout above this threshold, Ethereum could enter a fresh upside wave, potentially reversing its short-term bearish trend.

Fueling this bullish attempt is a noticeable recovery in momentum indicators. The Relative Strength Index (RSI) has rebounded from oversold territory, signaling that bearish exhaustion may have occurred — often a precursor to a potential reversal or sustained upward movement.

Technical Snapshot:

Market Sentiment Shifts — Traders Watch Closely

Ethereum’s current setup reflects a classic technical rebound scenario, where oversold conditions coincide with improving momentum indicators and key resistance retests. Traders are now watching closely to see whether ETH can build enough strength to push through the $1,636 barrier — a level that could unlock further upside toward $1,700 and beyond.

As macro uncertainty persists and the broader crypto market seeks direction, Ethereum’s ability to reclaim technical strength could offer short-term opportunities for traders looking to capitalize on price swings.