Ethereum’s price rebounds off the $2,500 zone again, with RSI echoing past cycle bottoms and pointing to renewed upward pressure.
A breakout above the $2,787 ceiling could open a path to $3,500–$4,500, as MACD strength and EMAs support a bullish push.
Despite weak volume, ETH’s structure and rising dominance versus BTC keep the breakout narrative alive near key resistance.
Ethereum (ETH) is approaching a critical resistance zone just under $2,800, with recent momentum pointing toward a potential breakout. Technical structure, momentum indicators, and historical behavior now suggest a larger move may be forming.
Chart Behavior Signals Cycle Shift
ETH price action continues to reflect bullish structure across multiple timeframes, supported by RSI rebounds and mid-channel strength. The rising channel from previous cycle highs remains intact, showing continued respect for long-term trendlines. RSI and volume behavior are both aligning with setups seen during prior macro bottoms.
Source: Post on X
After the breakout phase from the $2,476 level, Ethereum surged 5.15% to reach $2,668. Weekly structure continues to respect a parallel channel extending from the 2017 high of $1,420 to the 2021 top at $4,891. ETH has consistently rebounded from the midline of this channel since 2021, recently bouncing from a $2,400–$2,500 demand area that historically triggers strong reversals.
Each cycle low, December 2018, June 2022, and April 2025, coincided with RSI dips to the low 40s. Price rebounded aggressively from those oversold levels, often forming a swing low that marked the start of multi-month rallies. Ethereum’s current RSI of 54.85, rising from 40.87, echoes this historical pattern and adds conviction to the setup.
The chart also features multiple “Change of Character” signals, suggesting a momentum shift from bearish to bullish. As price holds well above the $2,000 psychological zone and flirts with the midrange resistance at $3,500–$4,500, pressure builds toward a breakout. Historical rejections in this range hint at its importance—flipping it would validate continuation toward $6,500–$7,000.
Short-Term Pressure Builds Near Resistance
Ethereum now trades just below $2,787 resistance, with low volume capping upside despite strong price movement. Support from moving averages and bullish crossovers in MACD and RSI indicates upside bias. Key EMAs cluster below price, creating a floor near $2,460–$2,522.
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ETH dominance is rising relative to Bitcoin, with the ETH/BTC pair showing divergent strength. That relative outperformance, paired with improving technical indicators, adds weight to the current breakout narrative. Momentum remains moderate but positive, and the MACD histogram continues expanding, suggesting underlying strength.
Volume remains a limiting factor. Participation has lagged the 20-day average since early May, raising questions about the sustainability of the push. Still, the rectangular consolidation zone, defined by resistance at $2,787 and support near $2,460, holds firm, and price behavior inside it favors further upside attempts.
Ethereum remains in a holding pattern just below a breakout trigger. With structure aligning and momentum steadily building, bulls appear positioned for the next leg, provided demand confirms.
