- Ethereum continues its uptrend, maintaining strong long-term support.
- Buyers are driving a slow recovery with higher lows.
- Breaking $2,500 and $3,000 would confirm Ethereum’s bullish formation.
Ethereum remains resilient against market volatility, with price action above its long-term trendline, indicating a potential breakout ahead.
Ethereum Holds Long-Term Support as Uptrend Structure Remains Intact
The asset’s price action is within an uptrend, keeping support along its trendline. Since 2021, ETH has tested this support three times, each time rebounding strongly.
Previous highs above $4,800 were followed by a correction, forming lower highs and lows over an extended period. Analyst Ted Pillows highlights Ethereum’s long-term trendline strength, confirming its critical support zone. Recent tests show buyers stepping in, leading to multiple green weekly candles, despite lower volume than prior rallies.
Ethereum’s Market Structure and Historical Price Trends
Ethereum maintains its broader trend post-corrections, characterized by tidy price action. The current uptrend reflects repeat higher highs and lows, with the trendline’s strength critical for bullish momentum.
Candlestick patterns indicate strong buying pressure at support, supporting positive market sentiment. As long as Ethereum stays above the trendline, conditions favor further increases, with macroeconomics and volume still influencing price action.
Critical Resistance Levels and Future Outlook
Ted Pillows identifies resistance at $2,500 and solid support at $3,000. A decisive break could accelerate Ethereum’s upward movement.
Historical data shows past support often turns into resistance, making these levels crucial to watch. Crossing them could keep the long-term bullish scenario intact.
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