Ethereum Shatters Key Downtrend – Is the Bear Market Over?
Ethereum just bulldozed through a critical resistance level that had traders sweating since 2024. The breakout signals a potential regime change—but Wall Street ’experts’ are still busy explaining why last year’s crash was ’predictable.’
Price action flips bullish: ETH’s weekly close above the descending trendline marks its first structural win since the 2025 rally began. Liquidity pools are getting drained faster than a hedge fund’s credibility.
Momentum builds: The move coincides with record-high network activity and a surge in staked ETH. Meanwhile, traditional finance bros are still arguing about whether crypto is ’real.’
Make or break: This isn’t just technicals—it’s psychology. A sustained hold above this level could trigger FOMO not seen since the last cycle. Or it might just be another fakeout to wreck overleveraged degens. Place your bets.
Ethereum Consolidates As Bullish Momentum Begins to Build
Ethereum is currently trading around the $1,800 level, consolidating in a narrow range after a prolonged period of downside pressure. While the broader market begins to heat up, ETH still lacks a clear directional move and remains over 55% below its December 2024 highs. Despite this, subtle shifts in structure suggest a potential trend change, especially in the lower time frames where early bullish patterns are beginning to emerge.
The price action reflects a critical inflection point. Ethereum is hovering NEAR major support zones, and bulls must now build enough momentum to break above key resistance levels if they want to regain control. So far, the consolidation has provided a base, but a definitive move has yet to materialize. The next leg—whether up or down—will likely be decisive for ETH’s near-term trend.
Pillows recently shared a notable technical development: Ethereum has finally broken out of its downtrend for the first time since December 2024. Previous breakout attempts were rejected, but this time the breakout appears stronger and more sustained, supported by improving market sentiment and structure.
Pillows believes it’s time for Ethereum to catch up to the broader market. While Bitcoin pushes toward new highs, ETH has lagged behind. If the current breakout holds, Ethereum could accelerate quickly and potentially retest key psychological levels above $2,000. The next few trading sessions will be critical for confirming this breakout’s validity and determining whether Ethereum is ready to lead the next phase of the crypto bull cycle. For now, all eyes remain on whether bulls can maintain momentum and turn this early strength into a sustained rally.
Technical View: Bulls Struggle To Reclaim $2,000 Level
Ethereum (ETH) is currently trading at $1,807.99, consolidating in a tight range after a sharp recovery from its April lows. The 4-hour chart shows ETH holding above both the 200-period simple moving average (SMA) at $1,700.49 and the 200-period exponential moving average (EMA) at $1,783.99—two key dynamic support levels that are now being retested as the asset tries to build bullish structure.
While price action remains choppy, ETH appears to be forming a base above the $1,780 zone. The recent breakout above the downtrend line that defined price action since December 2024 is still intact, suggesting that Ethereum may be preparing for a larger move. Volume has decreased slightly during this consolidation phase, typical of a market waiting for a trigger.
Ethereum continues to trade well below the psychological $2,000 resistance, but short-term momentum is slowly favoring the bulls. A break above the $1,860–$1,880 range could clear the way for a push to retest $2,000. However, failure to hold the 200 EMA could send ETH back toward the $1,740–$1,700 demand zone.
Featured image from Dall-E, chart from TradingView
