Will ET break $21.19 resistance amid steady buyer support and limited volatility?

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Energy Transfer rises 0.19% to $20.92

Highlights

ET/USD trades in a bullish structure across short-, medium-, and long-term horizons, with the price well above key moving averages.
Momentum indicators confirm strong buying interest without overbought conditions, and buyer dominance prevails intraday.
Expected trading range over the next several days stands at $20.65 to $21.19, with further upside seen as very likely.

Positive momentum sustained as indicators align with price strength

On the technical side, ET trades above the MA-20 ($20.83) and MA-50 ($20.56) on the hourly chart, and sits comfortably above the MA-200 ($19.67) on the daily timeframe. The Ichimoku Kijun currently offers immediate support at $20.74. MACD and ADX both indicate ongoing buying strength, while RSI at 59.49, Stoch RSI at strong-buy signals, and CCI in a buy zone confirm a positive momentum environment. Bull/Bear Power also shows buyer dominance throughout intraday sessions. However, the Awesome Oscillator remains neutral, not reinforcing the uptrend. There are no notable divergences between price and oscillators, marking alignment among technical indicators.

Range-bound outlook amid muted volatility and breakout potential

Over the coming days, ET is expected to trade within a $20.65 to $21.19 band, with a high probability of maintaining its current range. Should resistance be exceeded, a bullish breakout could follow, whereas a downside move below support may prompt a shift in near-term momentum. The baseline scenario is continued sideways movement, with volatility expected to stay contained relative to recent price levels.

Viktoras Karapetjanc, analyst at Traders Union, notes that Energy Transfer remains technically strong above key moving averages and enjoys continued buying momentum. He sees the absence of news as a sign of steady sentiment, with technicals guiding the current range-bound move. The analyst expects this stability to persist unless a breakout above resistance or a dip below support changes the near-term picture. 'With momentum aligned and volatility low, I see Energy Transfer poised to maintain its constructive bias within the $20.65 to $21.19 zone,' says Karapetjanc.

Earlier, analysts noted that Energy Transfer was demonstrating technical resilience within a defined trading range, with momentum indicators sending mixed but generally positive signals. The current analysis confirms this stable, rangebound outlook, suggesting traders should monitor for a potential breakout or breakdown as volatility remains subdued.

Source of Data: ET Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.