- Ethereum rose to more than $1,720 after surging from $1,555, breaching critical resistance at $1,660 with solid bullish price action and minimal retracement.
- The daily chart validates a breakout above a falling channel with Ethereum finishing above significant moving averages at $1,793.10.
- DMI and ADX technical indicators are displaying increased bullish momentum with Ethereum maintaining a support level around $1,685.
Ethereum is showing renewed strength as it pushes past crucial resistance levels, setting the stage for a potential rally toward $1,850.
Breakout Above $1,660 Signals Bullish Momentum
In a recent tweet from crypto analyst Ali Charts, a 1-hour ETH/USDT chart on Binance captures Ethereum breaking out from a tight consolidation range between approximately $1,555 and $1,620. The breakout through $1,660 was sharp and backed by a long-bodied candle with little to no upper wick—an early indication of aggressive buying and confident market participation.
Post-breakout, Ethereum reached a high near $1,720 before briefly pulling back. The price successfully retested the $1,685–$1,690 zone, which had previously acted as resistance. The area is now serving as support, with the chart showing tight-bodied candles—often interpreted as a pause before a continuation move.
Daily Chart Supports Breakout Narrative
Supporting this short-term breakout, the daily ETH/USD chart on Binance reveals a breakout from a descending channel that had constrained Ethereum’s price since January 2025. This breakout came with a daily close at $1,793.10—over 2% higher—marking a clean move above the upper trendline of the channel.
Ethereum has also cleared the 9-day and 21-day moving averages, previously acting as dynamic resistance levels. With those now behind, traders are watching the price zone around $1,730–$1,750 for a solid retest to validate this breakout. Technical indicators like the Directional Movement Index show the +DI crossing above the -DI, while the ADX is rising, indicating growing momentum behind the move.
Ethereum Nears $1,800 as Bulls Defend Key Support
Ethereum traded at $1,796.82 as this article was written while exhibiting a 6.21% gain from yesterday and a 12.75% price increase since the start of the week. This outstanding performance was consistent with the technical analysis that was projecting $1,850 as a possible short-term target.
The price action continues to respect the $1,685 support zone, which now serves as a pivot point. A sustained hold above this level keeps the bullish scenario intact, while failure to do so could open the door to a drop back toward $1,660 or even $1,620.
The breakout structure, as outlined in Ali charts’ analysis, remains a textbook example of bullish continuation—pending confirmation with sustained buyer interest.
