Ethereum remains in the top third of an ascending price channel after breaking out.
Current price holds above $2,500 with 24-hour volume up 51.91%, showing active market participation.
The long-term trend remains intact, with no significant support breaches observed.
Ethereum continues to trade within an established ascending price channel following a strong rally earlier this year. The chart tracking its two-week performance against the U.S. Dollar shows a well-defined upward structure. This channel, drawn with parallel yellow lines, stretches from early 2017 to mid-2025, reflecting clear resistance and support levels.
Breakout From Consolidation Pattern Drove Price Surge
Between 2022 and 2023, ETH traded sideways inside a symmetrical triangle pattern. The print mirrored a tightening price range, with lower highs and higher lows gradually forming. A breakout from this formation occurred in late 2023, triggering a significant upward movement.
Source: Ted Pillows (X)
After reaching the upper edge of the channel, Ethereum began to decline slightly in the early part of June 2025. The latest recorded candle closed, showing a minor correction from recent highs. Despite this dip, Ethereum remains in the top third of the ascending channel, which remains intact.
The price action since the breakout has respected both the midline and upper boundary of the channel. Each upward leg since mid-2022 has formed higher lows, starting from a key bottom near $880. This recovery maintained a consistent structure, avoiding any significant breaches of the channel’s lower boundary.
Historical Trend Remains Unbroken
The long-term ascending structure has guided Ethereum’s movements since 2018, according to the visual trend lines on the chart. No major violations of support levels have appeared throughout this recent run. The absence of volume data limits a deeper view into trade activity, but price behavior supports trend continuity.
Tracking the current market trend, CoinMarketCap data as of writing indicates that Ethereum is trading at $2,523.26 after gaining 0.48% over the last 24 hours. Market cap stands at $304.61 billion, up 0.56%. The 24-hour trading volume is $15.7 billion, marking a 51.91% increase, as a brief decline was observed during early hours before rebounding above $2,540. Ethereum later retraced slightly but maintained levels above $2,500. The 24-hour price movement indicates active trading with notable volatility and volume increase.
Source: CoinMarketCap
A vertical green marker points to January 2027, placed at the far right edge of the chart. The relevance of that date is unclear, though the price projection beyond mid-2025 stays on an upward slope. Ethereum now appears to be consolidating after a bullish move in May. Ethereum’s current consolidation near the channel’s upper range keeps it aligned with previous bullish behavior. The structure shows clear price levels that continue to act as key areas for future movement.
