- Ethereum breaks above $2,500 on heavy volume, registering new bullish momentum following months of bearish pressure.
- A 20% ETH surge confirms breakout strength, driven by rising investor confidence and clear technical resistance levels cleared.
- ETH seeks to drive towards $2,800 on the back of holding crucial support at $1,800, with bullish momentum very much in place.
Ethereum’s recent break above critical resistance levels signals resurgent bullish momentum in the crypto market. The uptrend, characterized by technical strength and heavy volume, suggests possible price gains.
Ethereum’s Breakout Signals Shift in Market Sentiment
Source: Ted Pillows
As we can see from the post above, one bullish analyst, Ted Pillows, has presented a detailed analysis of Ethereum. His chart shows ETH breaking above a long-term descending trendline established since December 2024. This upward move has propelled prices from below $1,800 to over $2,500.
According to Ted, Ethereum faced repeated resistance at the descending trendline, marked by six rejection points. He highlights that the breakout in May 2025 came with two strong bullish candles, each confirming buyer strength. His insights show a 20% surge that lifted ETH from $1,900 to above $2,300, breaking past prior resistance zones.
Ted also points to increased trading volume during this rally, reflecting strong market participation. The analyst notes that this breakout is not only technical but also supported by heightened investor interest. The rally’s momentum, he adds, suggests Ethereum’s potential to sustain gains and possibly reach new highs in the near term.
Not only that, but there’s also the added benefit of ETH holding above its breakout level, reinforcing bullish sentiment. If we take it a step further, Ted emphasizes the significance of surpassing the $2,500 mark. On top of that, there’s the fact that volume spikes confirm this move’s legitimacy, signaling a shift in overall market sentiment.
FOUR Crypto Spaces Foresees Further Expansion
That said, there’s another side to consider. Another bullish analyst, FOUR Crypto Spaces, has provided insights that expand on this view. He describes Ethereum’s chart as a “masterclass in expansion,” signaling this rally is just beginning.
Source: Four Crypto Spaces
According to FOUR, Ethereum’s rise from a weak low near $1,600 marks a decisive shift in trend. He observes that ETH is challenging mid-range resistance at $2,139, aiming for a move toward $2,800 next. What’s even more compelling is his suggestion that altcoins will follow Ethereum’s path, hinting at broader market growth.
However, this doesn’t imply all is done. FOUR points out that there is significant resistance around $3,600, a point ETH was unable to breach in 2024. Let’s not forget the fact that holding support above $1,800 is paramount to continuing this bullish trend. Should these levels be sustained, Ethereum’s rally might just continue, bolstering the encouraging technical outlook.
