$ETH – OBV Trendline Break Test: A Structural Shift in Accumulation Dynamics?
#Ethereum On-Balance Volume (OBV) is currently testing a descending trendline that has acted as a cap on buy-side momentum since the local top in early 2025.
This level isn’t just a resistance — it’s a behavioral pivot. #OBV reflects the net flow of volume, so this interaction suggests buyers are testing the conviction of sellers at a structurally significant threshold.
🎯 Key technical takeaways:
• Bullish Divergence Confirmed: While price made lower highs, OBV carved a rising structure from April, indicating underlying accumulation pressure.
• Trendline Interaction: The current test marks $ETH first attempt to close OBV above the resistance line in over 3 months — a close above would invalidate the volume downtrend and likely precede a momentum breakout.
• Liquidity Dynamics: If OBV can sustain above the trendline, it would suggest a shift from passive absorption to aggressive participation, setting the stage for a volatility expansion in ETH/USD.
📊 Watch for confirmation via daily close and continuation volume. A failed breakout may lead to one more accumulation cycle before a proper liftoff.
