Ethereum breaks RSI downtrend from March 2024, signaling a strong shift in momentum and renewed bullish control on the weekly chart.
ETH closes above the 21 SSMA for the first time since November 2024, turning it into new dynamic support after long-term resistance.
After reclaiming $2,500 support and breaking RSI structure, Ethereum now targets the purple trendline and a potential rally toward the $4,000 mark.
Ethereum is gaining renewed attention as the latest technical developments signal a potential bullish continuation on the weekly timeframe.
RSI Breakout Signals Shift in Momentum
Ethereum is breaking out of a downtrend on the Relative Strength Index (RSI) that had persisted since March 2024. This change is seen as a major momentum shift. The RSI has climbed above the 50 mark for the first time in over a year, showing a decisive move by buyers.
A tweet by @Crypflow_ emphasized this development, highlighting the RSI breakout as a critical signal. The RSI’s structure has been reshaped, suggesting buyers are regaining control following over a year of reduced momentum.
This shift in RSI aligns with the price rebound from the April 2025 low. ETH had bottomed near the $1,500 range before recovering sharply. This marked the beginning of a new move that has continued to build strength in recent weeks.
$2,500 Support Reclaimed After Consolidation
Following its rally, Ethereum found resistance at the 21-week simple smoothed moving average (SSMA), around $2,532. Price action then moved sideways, forming a consolidation zone above the $2,500 level, identified as S1.
According to @Crypflow_, ETH briefly dipped to retest the lower support near $2,115 (S2) but quickly recovered. The latest weekly close has changed the technical setup. Ethereum closed above the 21 SSMA, possibly turning it into support for the first time since November 2024.
This move strengthens the case for trend continuation. Reclaiming S1 and closing above the moving average are viewed as technical shifts that support the ongoing recovery.
Key Trendline Reclaim Could Target $4,000
Ethereum is now approaching a long-term ascending trendline, which remains a critical level to watch. If the weekly candle closes above this purple trendline, ETH could confirm a full bullish structure recovery.
The same tweet by @Crypflow_ notes that if this trendline is reclaimed, Ethereum could advance toward the $4,000 mark. The next resistance zone lies around $3,000, where sellers had previously capped upward movement.
Ethereum’s price behavior over the coming weeks will determine if the trendline acts as a new base. Traders are closely watching the interaction between the price and this trendline to assess the strength of the current move.
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