Ethereum Breakout Setup Sets Sights on $15K
Ethereum (ETH) is retesting a resistance line it has only reached twice before, in 2021 and again around 2025, according to trader Crypto Patel.
This setup makes this the “biggest breakout setup yet” for ETH, as the cryptocurrency retests the multi-year resistance zone for the third time after holding its long-term accumulation support.
The chart shows a descending trendline from 2018 to 2021 with three lower highs before ETH broke out into that year’s rally. The same horizontal resistance capped the price at the 2021 peak and again near 2025, and the current test is drawn as the third touch of that line.
The target ladder for Ethereum's breakout includes $3,270, $4,892, $5,500, before opening up to $10,000 and then $15,000. At the time of writing, spot ETH had changed little in 24 hours but was down about 1% on the week and roughly 44% below where it had been trading a year ago.