- Ethereum breaks out above descending channel with strong volume, aiming for $4,000 as bulls regain control and momentum builds fast.
- After rebounding from $1,500 support, Ethereum gains strength within a long-term bullish trendline that supports further upside moves.
- Analysts see the $4,000 barrier as pivotal, with a breakout likely to accelerate Ethereum’s journey toward $10,000 in the coming months.
Ethereum shows strong bullish momentum after breaking above its descending channel resistance. Captain Faibik highlights daily 200 SMA near $2,700 which bulls must surpass to ignite a rally toward $3,500–$3,600. Since November 2024, Ethereum’s price action has remained volatile, confined within a descending channel, starting around $2,400 USDT. Notably, Ethereum reached cycle highs near $4,100 USDT in November before facing selling pressure.
Source: Captain Faibik
Channel Breakout Sparks Optimism
Besides the November peak, Ethereum endured a sustained downtrend through December and early 2025. The price dropped below $3,000 and tested intermediate support around that level in January. February saw the deepest correction, as Ethereum approached the channel’s lower boundary near $1,500 USDT. This level formed a strong support base. Consequently, March trading sessions confirmed the channel’s support trendline as Ethereum began a recovery rally.
Additionally, April witnessed accelerated upward movement, pushing Ethereum back above $2,000 USDT. May brings explosive price action as Ethereum breaks above the descending channel’s upper resistance. The current trading price near $3,638 USDT reflects sustained momentum and institutional volume, which validates the breakout’s bullish implications. The technical setup points toward a potential move to $4,000 USDT, with resistance zones likely near that level.
Long-Term Support Holds and Resistance Looms
According to analyst Crypto Rover further highlights that although there is difficulty to the ascent from $3,500 to $4,000, overcoming this obstacle can facilitate the route to $10,000. The weekly period for Ethereum has displayed a long-term higher trendline since 2022, supporting prices; the horizontal resistance between $3,900 and $4,100 has remained intact.
Source: Crypto Rover
The price of the cryptocurrency fluctuated between $1,500 and $4,000 in the last few years. However, despite price consolidations, Ethereum shows renewed buying strength after retesting support near $1,500 USDT. This support aligns with a crucial trendline and confirms long-term upward structure.
