#Ethereum
Ethereum Breaks Downtrend: Should We Wait for $2,800?
Ethereum ($ETH ) Ends April on an Extremely Interesting Note. While the Market Watched Other Assets, ETH Quietly Broke Out of a Downtrend Channel That Has Been Pressing the Price Since October 2025.
📊 Technical Overview: Highlights
• Channel Break: For the First Time in Six Months, the Price Has Secured Above the Upper Bound of the Downtrend.
• 100-Day MA Support: $ETH Reclaimed the 100-Day Moving Average ($2,200), Which Now Serves as a New "Concrete" Defense Level.
• $2,400 Resistance: This is the Big Boss. Every Approach to This Zone Since March Has Ended in a Pullback. Closing the Day Above $2,400 Is an Official Signal of a Change in the Cycle Structure to a Bullish One.
📈 Short-term view (4H)
A falling wedge has formed on the 4-year chart. The price has already bounced off the lower limit ($2,250). If the pattern works according to the textbook, the breakout target is in the $2,700–$2,800 range, where the 200-day MA also passes.
🔍 On-chain date whispers about "Long"
The Taker Buy/Sell Ratio has soared to 1.02 — the highest level since late 2023! This means that aggressive buyers are now dominating the exchanges. Historically, such surges have led to powerful upward impulses.
🚀 Verdict:
If ETH breaks the resistance at $2.4k, the "clear sky" opens up to $2.8k.
Plan B: A close below $2.2k cancels the bullish scenario and brings us back to discussing the $2,000 and $1,800 levels.
