Ethereum Breaks Out of Descending Channel–But Is It Sustainable?

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Hello guys.

Ethereum (ETH/USDT) has recently broken out of a well-defined descending channel on the 12H timeframe, suggesting a short-term shift in momentum. However, traders should remain cautious, as price action still faces significant resistance ahead.

🔍Technical points:

1. Descending Channel Structure: ETH has been trending downward since early February 2025, forming a clean descending channel with lower highs and lower lows.
   
   
2. Fake Breakout & Reversal: Earlier in April, the price dipped below the lower boundary of the channel in what now appears to be a fake breakdown, quickly recovering back inside.
   
   
3. Confirmed Breakout: Recently, ETH managed to close above the midline of the channel, breaking above short-term resistance near $1,640. This confirms a bullish breakout, at least in the short term.
   
   
4. Next Key Resistance Zone: The price is now targeting the $1,850–$2,050 area — a strong supply zone and previous structural level. If ETH fails to break through this zone, we may see another leg down inside the broader downtrend.
   

Short-Term Projection:

• Bullish Path: A possible continuation toward the upper channel edge near $1,900–$2,000.
  
  
• Bearish Rejection: If sellers defend that zone, ETH could resume its downward trend, potentially revisiting $1,500 or even lower.
  

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Ghi chú

As you can see, it weekly time frame the target of pattern is achieved but for getting confirmation in upper time frame scale we need a stronger confirmation on this time frame!

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