Eseandre Mordi
⬤ Ethereum has punched through a major descending trendline that's been pressuring price since October. Fresh technical analysis shows ETH trading near $3,107 as it breaks through the down-sloping resistance line—a significant technical shift after months of lower highs. The $3,010 zone has emerged as the critical support level that could determine whether this breakout has staying power or fizzles out.
⬤ As long as Ethereum holds above $3,010, the path toward higher resistance levels looks clear. First target sits at $3,650, with a more ambitious resistance zone around $4,755 beyond that. The chart also marks support areas below current price at $2,738 and $2,621, which could catch any pullbacks. Recent price action shows ETH consolidating beneath the trendline before the breakout, suggesting momentum has finally turned positive after the extended slide that started in October.
⬤ ETH is still hovering close to the breakout zone, so durability will depend on how price handles the $3,010 support reference. Ethereum is currently trading above that level, but holding support remains essential before any move toward $3,650 and $4,755 can be confirmed. The chart shows a clear shift from a descending pattern toward a potential recovery structure, with Ethereum now trying to establish a higher-level trading range.
Eseandre Mordi
