{"id":27752,"date":"2025-05-20T19:47:14","date_gmt":"2025-05-20T19:47:14","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27752"},"modified":"2025-05-20T19:47:14","modified_gmt":"2025-05-20T19:47:14","slug":"ethereum-price-gained-90-the-last-time-this-indicator-turned-bullish","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27752","title":{"rendered":"Ethereum price gained 90% the last time this indicator turned bullish"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDc1ZDktNmE4ZS03ZjcyLWIzYTktOGU1MDc1YmI5ZTlm.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDc1ZDktNmE4ZS03ZjcyLWIzYTktOGU1MDc1YmI5ZTlm.jpg\" alt=\"Ethereum price gained 90% the last time this indicator turned bullish\"><\/p>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Ethereum is forming a bull flag on the daily chart, with a potential breakout above $3,600.<\/p>\n<\/li>\n<li>\n<p>If ETH reclaims the 2-week Gaussian Channel mid-line, a 90% rally could occur.<\/p>\n<\/li>\n<\/ul>\n<p>Ethereum <a href=\"https:\/\/cointelegraph.com\/ethereum-price\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/ethereum-price\">(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<figure><img decoding=\"async\" alt=\"Cryptocurrencies, Markets, Price Analysis, Market Analysis, Altcoin Watch, Ethereum Price\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196eedc-3ca9-7de2-bb0b-f3641034ddc2\" title=\"\"><figcaption style=\"text-align: center;\"><em>Ethereum 1-day chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>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<p>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<p>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<h2>Can Ether reclaim the Gaussian Channel midline?<\/h2>\n<p>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<p>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<figure><img decoding=\"async\" alt=\"Cryptocurrencies, Markets, Price Analysis, Market Analysis, Altcoin Watch, Ethereum Price\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196eed0-a9df-7dce-a2b2-8d9c38778dc3\" title=\"\"><figcaption style=\"text-align: center;\"><em>Ethereum Gaussian channel analysis. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>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<p>Likewise, crypto trader <a href=\"https:\/\/x.com\/MerlijnTrader\/status\/1924827451542159652\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/x.com\/MerlijnTrader\/status\/1924827451542159652\">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<p><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-fractal-analysis-forecasts-new-all-time-highs-above-110k-by-end-of-week\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/bitcoin-fractal-analysis-forecasts-new-all-time-highs-above-110k-by-end-of-week\"><em><strong>Related: Bitcoin fractal analysis forecasts new all-time highs above $110K by end of week<\/strong><\/em><\/a><\/p>\n<h2>Traders exercise caution ahead of possible \u2018range-bound environment\u2019<\/h2>\n<p>Popular crypto trader XO <a href=\"https:\/\/x.com\/Trader_XO\/status\/1924820200383221867\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/x.com\/Trader_XO\/status\/1924820200383221867\">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<blockquote data-ct-non-breakable=\"undefined\"><p>\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><\/blockquote>\n<p>A contrarian outlook to bulls can also be observed with ETH prices oscillating under the Fibonacci levels. Cointelegraph <a href=\"https:\/\/cointelegraph.com\/news\/ethereum-chart-pattern-supports-moon-shot-rally-to-new-price-highs-if-confirmed-trader\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/ethereum-chart-pattern-supports-moon-shot-rally-to-new-price-highs-if-confirmed-trader\">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<p>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<figure><img decoding=\"async\" alt=\"Cryptocurrencies, Markets, Price Analysis, Market Analysis, Altcoin Watch, Ethereum Price\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196eeda-da16-7cc7-9faa-1ccc5c40d36e\" title=\"\"><figcaption style=\"text-align: center;\"><em>Ethereum 1-week price analysis. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p><em><strong>Related:\u00a0Why is Ethereum (ETH) price up today?<\/strong><\/em><\/p>\n<p class=\"post-content__disclaimer\" type=\"\">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>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27752","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27752"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27752\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}