Ethereum

2024

Bounce

James

<div><a href="https://coincodex.com/crypto/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> is pressing into a critical technical squeeze, with one chart showing repeated rejections at rising resistance and another showing price leaning on long term support. Together, they frame the next move as a test of whether ETH breaks the ceiling or rebounds off the floor.<h2 id="ethereum-trendline-faces-fourth-test-after-three-rejections">Ethereum Trendline Faces Fourth Test After Three Rejections</h2>Ethereum has tested a long-standing ascending trendline three times over the past two years, and each attempt has ended with rejection. The resistance line, drawn across prior swing highs, has capped upside moves since 2024. However, repeated tests have kept price pressed against that ceiling, narrowing the distance between resistance and higher lows.ETH/USD Multi Year Ascending Trendline Test: Source: <a href="https://x.com/Bitcoinsensus/status/2027459217028735251" rel="noopener noreferrer nofollow">Bitcoinsensus on X</a>On the chart shared by market commentator Bitcoinsensus, the first rejection formed in early 2024 near the mid-$3,000 region. Months later, Ethereum rallied again and tagged the same rising resistance, where sellers stepped in. A third push in 2025 reached the trendline once more, producing another pullback. Despite those failures, the broader structure shows higher troughs marked by rebound points after each correction.As a result, the setup now resembles a compression pattern. Price continues to coil beneath the ascending barrier while buyers defend higher support levels. In technical terms, repeated retests of resistance can weaken sell pressure because resting supply at that level may gradually get absorbed. If momentum builds on a fourth approach, the trendline could face a decisive breakout attempt.At the same time, resistance remains intact until price closes firmly above it. Previous rallies stalled shortly after contact with the line, which confirms that sellers still monitor that zone. Therefore, the next move carries structural importance. A confirmed break would shift the multi-year pattern and open the path toward higher historical supply zones. Conversely, another rejection would extend the range and delay any structural change.For now, Ethereum trades within a tightening formation beneath the ascending trendline, while market participants watch whether repeated pressure will finally overturn a resistance that has held for years.<h2 id="ethereum-holds-long-term-support-as-analyst-keeps-sub-2-000-bias">Ethereum Holds Long Term Support as Analyst Keeps Sub $2,000 Bias</h2>Ethereum traded near a long running support trendline on a two week chart shared by market analyst James Easton, as he said his “plan unchanged” and framed the sub $2,000 zone as an accumulation area. In a post on X, Easton added he is waiting for what he called “God candles,” describing a sharp upside move rather than gradual recovery.Ethereum U.S. Dollar 14 Day Trendline Support and Momentum: Source: <a href="https://x.com/JamesEastonUK/status/2027345470314668405" rel="noopener noreferrer nofollow">JamesEastonUK on X</a>The chart shows Ethereum’s broader structure shifting into a slower uptrend after the 2022 drawdown, with price action compressing toward a rising support line that has guided higher lows. That support sits beneath the latest consolidation range and aligns with prior rebound zones on the right side of the chart.A red momentum line plotted beneath price also trended lower into early 2026 and approached a flat baseline marked near the high 30s. The indicator previously spiked during major rallies and then rolled over during pullbacks, which suggests momentum has cooled even as the longer term trendline remains intact.Easton’s post centered on a simple threshold rather than a breakout target, with the sub $2,000 level acting as his reference point. However, the chart still leaves the same technical question open: whether Ethereum can rebound from trendline support and rebuild momentum, or whether further weakness forces a deeper reset before any sustained move higher.</div>

Ethereum Squeezes Between Two Lines as Traders Watch a Break or Bounce

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