- Ethereum flips key resistance into support after clearing $1,680 with momentum.
- Descending wedge breakout targets $2,015 as ETH consolidates under $1,660
- Double bottom near $1,500 reinforces bullish structure and trend reversal setup
Ethereum broke out of a downtrend and now shows bullish potential. Analysts eye $1,660 as the final hurdle before a run toward $2,015. The breakout signals strength and a shift in price direction.
Ted Pillows Analyzes Breakout Dynamics
Ethereum moved above descending trendlines on the 2-hour OKX chart. This shift occurred between late March and mid-April. Ted Pillows called it a key structural breakout. He noted Ethereum cleared two resistance lines, solid and dashed, that marked prolonged bearish pressure. A clean close above them confirmed a momentum shift. Price held above $1,680, forming new support.
Source: Ted Pillows
Ethereum formed higher lows and highs after the breakout. Candles showed strong buying with little retracement. The pattern supported continued upside. He projected a move toward $1,850–$1,900 based on momentum. The white arc visualized the expected price path. Old resistance became a support zone.
Pillows pointed to the $1,620 base as the consolidation before the breakout. That zone anchored the bullish structure. Support there now reinforces Ethereum’s momentum. He said volume wasn’t visible, but price action confirmed strength. Breakout candles were impulsive, showing active demand. The $1,680 level remains crucial for trend continuation.
Crypto General Reviews Short-Term Setup
CryptoGeneral analyzed Ethereum using Binance’s 1-hour chart. The range covered March through April 15. ETH last traded near $1,652. He noted a descending wedge formed from April 3 to 13. Ethereum broke above it on April 14. It reclaimed $1,560 and built a higher low.
Source: Crypto General
ETH is consolidating below the $1,660 resistance. That zone rejected the price multiple times. Support at $1,560 holds firm. He sees $2,015 as the next upside target. That level marked March’s reversal zone. Tight price action may precede a breakout.
Candles beneath $1,660 are small and show minimal wicks. This reflects pressure buildup under resistance. A breakout could follow compression. The double bottom near $1,500 adds support to the reversal case. Combined with the wedge, it confirms bullish intent.
The setup aligns with Ethereum’s broader trend shift. ETH remains above $1,560 and retains its bullish structure. A clean break above $1,660 could open the path to $2,015. No indicators were shown; analysis relied purely on price action.
