Ethereum weekly RSI moved above a long trendline as price stayed close to $2969 with strong interest.
ETH price formed a candle just below $3K as RSI broke a long pattern which traders followed closely.
RSI moving upward after many months now puts attention on Ethereum for possible long term upside moves.
Ethereum’s weekly RSI breakout has been confirmed, according to data shared by Charting Guy on July 14, 2025. The RSI trendline was broken to the upside while ETH traded at $2,969, marking a notable technical signal. Traders are now closely observing whether Ethereum will sustain the upward move or pause below $3,000.
Source: X
The RSI breakout follows a consolidation pattern that stretched across several months. The chart posted on TradingView shows the RSI crossing above a long-term descending trendline. ETH/USD, as per Binance data, opened the week at $2,972, hit a high of $2,972.35, and reached a low of $2,969.34.
The breakout aligns with prior predictions made in early June. Charting Guy previously indicated the RSI was poised for an upside breakout with momentum to follow. This prediction has now played out on the weekly timeframe.
Traders Monitor Price Structure and RSI Trend Shift
The RSI chart includes a descending purple trendline, which the current RSI line has decisively crossed. This movement is viewed as a strong signal in technical analysis, often preceding increased market activity and price continuation.
ETH’s price structure shows a bullish candle formation on the weekly chart. Weekly RSI appears to rise above 55 for the first time in over a year. The RSI’s 14-week moving average is also trending upward, reflecting improving momentum.
RSI (Relative Strength Index) is widely used to assess whether a cryptocurrency is overbought or oversold. Breakouts from long-term trendlines typically carry significant weight in trend analysis. In this case, the breakout suggests potential strength in Ethereum’s current trajectory.
Market observers note that the breakout does not guarantee immediate price spikes but often signals a change in directional momentum. While Ethereum has yet to cross the $3,000 mark, the bullish RSI is being closely watched. The RSI movement may be signaling renewed buyer interest.
Could the RSI Breakout Signal a New Trend for ETH?
As of the latest weekly close, ETH remains slightly below $3,000 with RSI maintaining strength above its prior trendline resistance. Traders and analysts continue to track Ethereum’s price to determine if follow-through buying will take place.
Charting Guy's post received over 29,000 views on X, indicating high interest in the breakout confirmation. The trading community is now debating the next directional move, especially as ETH nears a key psychological level. Comments range from bullish long positions to cautious outlooks on ETH/BTC pairs. The RSI breakout has shifted the focus to long-term positioning. Some traders suggest ETH could enter a new rally phase if the RSI continues higher and price breaks above $3,000.
The current market setup raises a central question—will Ethereum turn this confirmed RSI breakout into a sustainable multi-week rally? Volume, price structure, and RSI movement will likely dictate short-term and mid-term direction. Ethereum’s response to these technical signals will be critical for upcoming investor decisions.
