Ethereum Bulls Break Through Key Resistance

Ethereum (ETH) has broken out of its falling wedge pattern and is now testing the upper boundary of a downtrend channel that has capped price action since September 2025.

The largest altcoin is up over 4.43% in the past 24 hours, trading at $1,962, while trading volume has exploded by 120% to $9.33 billion.

Ethereum's long-term downtrend has been broken, and it is now consolidating within a key demand zone.

If ETH buyers continue defending this area, the next upside targets fall between $2,200 and $2,400, followed by $3K if bullish momentum accelerates.