Ethereum is currently caught in a longer-term descending channel. The price has been steadily pressing against the upper trendline, which is now acting as a key resistance level. This positioning is critical—it could signal an attempt to break free from the downtrend.
The real catalyst will be a confirmed daily close that breaks decisively above this trendline. Should that happen, it would represent a structural breakout from the descending channel. Once that resistance cracks, the door opens for a potential trend reversal and upside momentum.
Traders are watching this level closely. The daily timeframe confirmation is key here—any close above the upper trendline could trigger the next leg up. This is the kind of setup where structure breaking often leads to follow-through buying pressure.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
EyeOfTheTokenStorm
· 4h ago
It's another downtrend channel suppression. I've seen this breakdown signal too many times. How many can truly hold above the upper band? Let's wait until the daily candle closes.
View OriginalReply0
GovernancePretender
· 4h ago
I've heard enough about the breakdowns; I just want to know when it will truly rise.
View OriginalReply0
PessimisticOracle
· 4h ago
It's the same old story again—breaking resistance levels, reversal, upward movement... How many times have I heard that? And what's the result?
View OriginalReply0
BlockchainFoodie
· 4h ago
ngl this resistance level is basically the burnt crust on a perfectly seared scallop—either we break through it clean or we're stuck marinating in this downtrend... daily close is gonna be everything, fr fr
ETH/USDT Daily Analysis
Ethereum is currently caught in a longer-term descending channel. The price has been steadily pressing against the upper trendline, which is now acting as a key resistance level. This positioning is critical—it could signal an attempt to break free from the downtrend.
The real catalyst will be a confirmed daily close that breaks decisively above this trendline. Should that happen, it would represent a structural breakout from the descending channel. Once that resistance cracks, the door opens for a potential trend reversal and upside momentum.
Traders are watching this level closely. The daily timeframe confirmation is key here—any close above the upper trendline could trigger the next leg up. This is the kind of setup where structure breaking often leads to follow-through buying pressure.