Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift?
Ethereum is showing signs of recovery after months of aggressive selling pressure, currently trading around $1,800. Despite remaining below the $2,000 mark, bullish momentum is building as critical demand zones are defended. A recent technical analysis indicates that Ethereum has broken out of its downtrend for the first time since December 2024, marking a potential shift in market conditions. Trading volume is starting to recover, and traders are monitoring whether ETH can sustain its strength and push above $2,000, a significant psychological barrier. The consolidation phase suggests a critical inflection point, with bulls needing to build momentum to break key resistance levels. If successful, Ethereum could lead a broader altcoin rally. The upcoming trading sessions are crucial for confirming the breakout's validity and determining Ethereum's trajectory in the crypto market.
