- Ethereum pushed above $2,674 after closing the full CME gap from $2,530 to $2,630 on the chart.
- This area may now act as dynamic support if price stays above the green zone on daily closes.
- Traders are watching for follow through toward $2,892 and $3,033 if momentum continues this week.
Ethereum (ETH) is confronting one of its most critical technical moments in years after breaching a multi-year diagonal trendline. As of May 14, 2025, ETH trades at approximately $2,701, reflecting a 7.51% gain in the most recent two-week candle. The recent price recovery now meets what traders call a “scary bearish back-test” of that broken support.
A chart posted by Cantonese_Cat reveals a repeated pattern where Ethereum broke long-term support lines and subsequently faced market pressure. This current move follows a decade-long rising trendline that began in 2016. Price action has previously rebounded from similar diagonal breaks with strong momentum, making this situation highly uncertain.
The market’s concern lies in whether ETH will reclaim its lost trend or confirm a broader breakdown.
Long-Term Trendline Breach Sparks Bearish Momentum
The ETH/USD two-week chart shows the asset falling below a diagonal trendline that has existed for over 9 years. This line has supported Ethereum during three major growth phases—in 2017, 2020, and 2023. Each time, the market responded with notable upside surges.
However, the current structure reveals a different outcome. For the first time in years, Ethereum has broken the trend without immediate recovery. A visible back-test now appears underway, with ETH returning to the underside of the broken support.
The last three emoji markers on the chart indicate historical trendline tests followed by price rebounds. In contrast, the latest marker suggests a potential rejection scenario. The chart’s visual simplicity makes the breakdown clear to even casual observers. This adds weight to growing discussions around Ethereum’s long-term trajectory.
Traders React as ETH Approaches Critical Retest
The post from Cantonese_Cat triggered an active response from the trading community, accumulating over 128 likes and 17 reposts. Many traders noted the similarity to previous breaks that ended with significant bullish reversals. However, this time, concerns revolve around the pattern repeating under different market conditions.
One user questioned whether the post carried sarcasm, pointing out past false breakdowns. Cantonese_Cat acknowledged this possibility, responding with a subtle “Maybe a little?”—implying that market behavior remains unpredictable.
Technical Chart Data Points to Key Price Levels
Ethereum’s current price sits at $2,701 on Bitstamp, with a high of $2,738 and a low of $2,407 within the 2-week candle. The diagonal trendline previously served as a floor near the $2,500 region. Its loss now places that level as a key resistance barrier.
The chart captures long-term data from 2016 through 2025, illustrating Ethereum’s historic growth and major cyclical peaks. A deeper look at price volume zones would likely reveal high activity around $2,400 to $2,600, which could affect future movement.
With Ethereum testing the same diagonal break that preceded bullish rebounds in past cycles, traders must now ask: is this time different?
