Ethereum price has broken its 200-day moving average, triggering algorithmic buy waves and indicating a potential 15% surge towards $3,000.
Institutional accumulation patterns are accelerating beneath the price surge, with the hourly chart showing ETH consolidating in a bull flag at $2,694 and daily Heikin-Ashi candles confirming strong momentum shift.
The surge past the 200-day SMA at $2,664 signals bullish momentum, with moving averages aligning bullishly and Fibonacci projections putting $2,950 within reach.
Key levels to monitor include breaking $2,700 triggering buy orders towards $2,750, while the $2,664 support and EMA cluster at $2,570-$2,603 are crucial for the bullish trend.