Ethereum reached $3,606 with a $1,050 jump as its 2-week chart tests a long-term resistance line now.
Traders must wait for this Sunday’s candle close to confirm if Ethereum can hold above $3,600.
The last three breakouts failed so this close may decide if Ethereum can avoid another reversal drop.
Ethereum is trading at $3,606.9 on July 19, 2025, as it tests a multi-year ascending support line on the 2-week chart. A potential breakout remains unconfirmed until the current candle closes on Sunday evening, according to the analysis posted by @cantonemenow. The chart has since attracted over 13,400 views across X, formerly known as Twitter.
https://twitter.com/cantonmeow/status/1946422019337097491
The price has increased by over +$1,050 in the current session, marking a +40.29% gain over two weeks. This movement puts Ethereum on the verge of repeating historical behavior near critical ascending triangle formations. However, traders are waiting for a decisive candle close to confirm any long-term shift in trend momentum.
With earlier breakout failures still in memory, the crypto market remains cautiously optimistic. If Ethereum closes above the upper trendline, it may signal a major technical reversal for the asset.
Ethereum Approaches Major Trendline Resistance
Ethereum’s latest price action is testing a long-term rising support level that has persisted since early 2020. The chart provided uses 2-week candles, meaning each bar reflects a full 14-day trading range.
From 2016 to 2025, Ethereum has shown multiple ascending triangle patterns with aggressive post-breakout reactions. However, in all previous breakouts marked on the chart, Ethereum eventually reversed direction after momentarily breaking resistance. Each of those prior moves is represented by emojis showing disappointment or anger, adding emotional context to historical price failures.
In the most recent pattern, Ethereum is again approaching this trendline, similar to past cycles. Yet unlike earlier breakouts, this attempt coincides with stronger bullish momentum. The chart does not confirm the breakout yet, and the author made clear that traders “will have to wait for the candle to close before confirming this breakout.”
The price level near $3,600 to $3,700 now acts as a technical battlefield. It represents both psychological resistance and a validation zone for breakout traders.
Community Eyes Sunday Close to Confirm Breakout
The 2-week candle closes Sunday evening, making the next 48 hours crucial for Ethereum’s technical outlook. If the price holds above the upper diagonal trendline, it could break a pattern that failed in three previous cycles.
One key concern remains — historical patterns on this chart show that Ethereum tends to break out only to fall below shortly after. Traders in the X thread raised questions such as, “What happens after? It’s broken out before but went under.” This reflects common skepticism from the community, which remains alert despite bullish conditions.
The same chart shows earlier false breakouts around late 2016, 2019, and 2022. Each one mimicked bullish setups before leading to strong corrections. The emoji labels placed at those points convey the disappointment that followed prior fakeouts.
Currently, the bullish move is marked with a similar emoji, indicating hesitation to call it a confirmed breakout. Ethereum must prove itself this time by closing firmly above the resistance, unlike before.
Will Ethereum Finally Break Its Reversal Pattern?
Momentum is stronger than in past attempts, and price has surged over $1,000 in two weeks. However, the pattern’s past failures have built a cautious mood among traders.
The weekly close now holds the key to Ethereum’s next multi-month trajectory. Confirmation requires not just a wick above, but a full candle close past $3,600.
