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.
