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Ethereum Breaks Trendline on 1H: 20–30% Rally Possible
⬤ Ethereum’s price broke above a descending resistance trendline on the 1-hour timeframe, shifting its recent bearish structure. ETH pushed through the short-term resistance that had been capping rallies, marking the first meaningful structural shift after weeks of lower highs.
⬤ The chart shows ETH testing the diagonal resistance several times before finally breaking above it. Price has since stabilized just above the former trendline, suggesting that resistance may now flip to support. Technical projections indicate a potential 20–30% rally from current breakout levels.
⬤ This breakout signals weakening selling pressure and improving short-term momentum rather than a confirmed long-term trend reversal. The key now is whether ETH can hold above the breakout zone—any move back below the trendline would invalidate the bullish setup.
⬤ Short-term structure like this often guides near-term price direction. If Ethereum maintains strength above the breakout level, the projected 20–30% move becomes more likely. Traders are watching for price stability at current levels as confirmation before expecting further upside.