Date: Thu, May 29, 2025 | 06:10 AM GMT
Ethereum (ETH) is showing renewed strength, hinting at more upside after a solid recovery this quarter. The broader crypto market has rebounded sharply from its Q1 downturn, during which ETH had plunged over 45%.
Since then, Ethereum has bounced back with 49% gains in Q2 — and now, it’s flashing a powerful technical signal that could spark a broader rally and potentially extend its 51% monthly surge.
Source: Coinmarketcap
Breaking Out of an Ascending Triangle
On the 4-hour chart, $ETH has broken out of a classic ascending triangle — a bullish continuation pattern that typically forms during uptrends. This setup is characterized by a series of higher lows pressing against a horizontal resistance, building pressure for a potential breakout.
Ethereum (ETH) 4H Chart/Coinsprobe (Source: Tradingview)
In Ethereum’s case, price action over the past few weeks has been respecting the ascending support trendline, with buyers consistently stepping in at higher levels. Earlier today, ETH surged from around $2,510 to reclaim the upper resistance zone between $2,713 and $2,737, where it is now attempting a confirmed breakout.
Momentum Building – What’s Next?
If Ethereum can hold this breakout level and confirm it with a successful retest, the next technical target sits near $3,125 — about 15% higher from its current price of $2,723. This move would not only mark a major continuation of ETH’s uptrend but could also act as a catalyst for altcoins rally.
However, a failed breakout or rejection at this resistance zone could result in a pullback toward the ascending trendline, potentially dragging altcoins down with it in the short term.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
