Ethereum Builds Momentum After Breakout, Eyes Fresh Move Toward $4K

Ethereum maintains a bullish trend above $2,600 as multiple breakout patterns confirm strong market structure and investor confidence.

Price action since April shows Ethereum breaking key resistance zones with higher lows and strong accumulation signaling sustained momentum.

Ethereum forms a bullish pennant above strong support at $2,575, with the next breakout likely pushing toward the $4,000 resistance level.

According to analyst World Of Charts, Ethereum has surged above key levels, continuing its strong bullish momentum after a prolonged consolidation phase. The price now hovers above $2,600 and shows no signs of slowing down. Traders are closely watching the current structure, which follows multiple bullish breakouts since mid-April. Consequently, Ethereum’s rally appears well-supported by solid technical foundations.

Source: World Of Charts

From December 2024 to April 2025, Ethereum moved within a descending channel, forming a bearish structure. This downtrend reversed in mid-April after the price broke above the upper trendline. This breakout marked a clear shift in market sentiment. The breakout triggered a strong impulse move from $1,520 to $1,880, followed by a bullish pennant formation.

Breakouts Fuel Uptrend Beyond Resistance Zones

Besides the initial rally, Ethereum also broke out from a symmetrical triangle between $2,300 and $2,500 in May. This continuation pattern reinforced the bullish narrative. After clearing the triangle, Ethereum surged vertically from $2,500 to over $3,600. Notably, the rally broke past critical resistance at $2,800 and $3,200 without hesitation.

Moreover, buyers showed strong conviction by defending higher lows throughout the climb. Ethereum never retraced to earlier consolidation zones, suggesting persistent bullish momentum. Consequently, the market structure remains clearly bullish with sustained higher highs and higher lows.

Tight Structure Points to Fresh Breakout

However, after reaching above $3,600, Ethereum entered a new consolidation phase. This phase appears as a tight bullish pennant, hinting at another breakout. Additionally, the market shows clear accumulation with change of character (CHoCH) and break of structure (BOS) signals.

Price currently trades near $2,626 on the 4-hour chart, bouncing off a key support at $2,575. The rising trendline continues to guide this bullish progression. Hence, Ethereum could soon test the weak high at $2,800. Furthermore, a support cluster between $2,400 and $2,575 has held firm throughout May. This area now acts as a strong base. Besides, Ethereum has not revisited its $2,300 low since mid-April, confirming buyer dominance.

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