Ethereum breaks out above descending channel with strong volume, aiming for $4,000 as bulls regain control and momentum builds fast.
After rebounding from $1,500 support, Ethereum gains strength within a long-term bullish trendline that supports further upside moves.
Analysts see the $4,000 barrier as pivotal, with a breakout likely to accelerate Ethereum’s journey toward $10,000 in the coming months.
Ethereum shows strong bullish momentum after breaking above its descending channel resistance. Captain Faibik highlights daily 200 SMA near $2,700 which bulls must surpass to ignite a rally toward $3,500–$3,600. Since November 2024, Ethereum’s price action has remained volatile, confined within a descending channel, starting around $2,400 USDT. Notably, Ethereum reached cycle highs near $4,100 USDT in November before facing selling pressure.
Source: Captain Faibik
Channel Breakout Sparks Optimism
Besides the November peak, Ethereum endured a sustained downtrend through December and early 2025. The price dropped below $3,000 and tested intermediate support around that level in January. February saw the deepest correction, as Ethereum approached the channel’s lower boundary near $1,500 USDT. This level formed a strong support base. Consequently, March trading sessions confirmed the channel’s support trendline as Ethereum began a recovery rally.
Additionally, April witnessed accelerated upward movement, pushing Ethereum back above $2,000 USDT. May brings explosive price action as Ethereum breaks above the descending channel’s upper resistance. The current trading price near $3,638 USDT reflects sustained momentum and institutional volume, which validates the breakout’s bullish implications. The technical setup points toward a potential move to $4,000 USDT, with resistance zones likely near that level.
Long-Term Support Holds and Resistance Looms
According to analyst Crypto Rover further highlights that although there is difficulty to the ascent from $3,500 to $4,000, overcoming this obstacle can facilitate the route to $10,000. The weekly period for Ethereum has displayed a long-term higher trendline since 2022, supporting prices; the horizontal resistance between $3,900 and $4,100 has remained intact.
Source: Crypto Rover
The price of the cryptocurrency fluctuated between $1,500 and $4,000 in the last few years. However, despite price consolidations, Ethereum shows renewed buying strength after retesting support near $1,500 USDT. This support aligns with a crucial trendline and confirms long-term upward structure.
The post Ethereum Poised for Rally as Breakout Above Key Resistance Gains Momentum appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
