Ethereum is sitting at a key decision point after retesting support and pushing back toward short term resistance. A confirmed breakout could first put $2,500 in focus, while stronger follow through would bring the $3,000 area back into view.
Ethereum Price Retest Puts $3K Breakout Back in Focus
Ethereum is testing a key support area on the three day chart after completing a retest near the rising trendline, according to a chart shared by Lourenço VS on X.
The chart shows $ETH holding above the lower support line while trading near the area where several fair value gaps and moving averages meet. This zone matters because a breakdown below it would weaken the short term recovery setup.
$ETH Three Day Chart. Source: Lourenço VS on X
The analyst expects Ethereum to break the downtrend that started around Oct. 25. A confirmed move above that descending resistance line would open the way toward the $3,000 area marked on the chart.
The setup still needs confirmation. $ETH must hold the rising support and break above the nearby resistance zone before the bullish path becomes stronger.
For now, the chart shows Ethereum at a decision point. The retest has happened, but the next move depends on whether buyers can push $ETH above the downtrend line with follow through.
Ethereum Price Breakout Setup Puts $2,500 Target in Focus
Ethereum is testing a short term breakout setup on the 8 hour chart after pushing into a descending resistance line, according to a chart shared by Satoshi Flipper on X.
The chart shows $ETH recovering from the lower side of a falling structure after a sharp drop in May. Price then bounced from the support area near $2,000 and moved back toward the descending trendline.
$ETH 8 Hour Chart. Source: Satoshi Flipper on X
The yellow circle marks the key breakout area. $ETH needs to hold above that zone to show that the move is more than a short rebound.
Satoshi Flipper marked a possible upside path toward $2,500. That level would become the next major target if $ETH breaks the downtrend line and holds above it with follow through.
However, the setup still needs confirmation. If $ETH fails at the trendline, price could move back toward the lower support area and remain inside the broader downtrend.
For now, the chart shows Ethereum at a short term decision point. A confirmed breakout could support a move toward $2,500, while rejection would keep the recovery weak.
