Assessment of Ethereum's Value: Is It Escaping from Negative Trends?

Ethereum kicked off the week with a rise from its support levels, catching short sellers unprepared and triggering a new bullish momentum. Despite the strong breakout, there are still significant resistance levels to overcome.

The daily structure of Ethereum remains overall bearish, with prices trading well below the 200-day moving average around the $2,800 mark. However, the key support zone of $1,550–$1,600 triggered a rebound to the $1,800 level, showing a short-term break in the bearish sequence. On the 4-hour chart, Ethereum broke out of an ascending triangle pattern, indicating a bullish breakout above the $1,700 mark.

The Coinbase Premium Gap has turned positive for the first time in weeks, indicating renewed US institutional buying interest, potentially supporting higher prices in the short term.