Ethereum has officially broken above a major downtrend that began in December 2024. The asset had faced repeated rejections over the past several months, with multiple failed attempts to reclaim bullish momentum. This latest breakout, however, has managed to hold, showing strength not seen in recent attempts.
Downtrend rejections marked previous attempts
Ethereum’s price had tested the downtrend resistance on several occasions throughout early 2025. Despite upward momentum in the broader market, Ethereum continued to face selling pressure at each critical point. These rejections kept the asset below key technical levels, delaying any potential reversal from the extended bearish structure.
However, analysis prepared by Ted Pillows indicates that Ethereum showed a continuous downtrend from November 2024 to April 2025. The price consistently failed to break above a descending trendline drawn from the November peak. Each time the price touched the trendline, it faced rejection and moved lower.
This pattern repeated five times, marking significant lower highs. The downward pressure pushed the price from above $4,600 to below $2,000. In late April, Ethereum broke above the trendline for the first time. The price is now consolidating just above the previous resistance line.
Current breakout holds beyond key resistance
Unlike previous attempts, the current breakout shows signs of sustainability. Ethereum has moved past its descending trendline with clear price strength. Market participants are now observing whether the asset will maintain its position above this breakout zone.
The structure of the breakout differs from previous ones in terms of volume support and duration above the line. This indicates a shift from short-term rallies to potentially stronger price behavior. It is the first time since December that Ethereum has held beyond its multi-month resistance level.
To support this, CoinMarketCap data at the time of press indicates that Ethereum trades at $1,828.29, showing a 0.98% gain over the past seven days. The 24-hour volume rose by 12.49%, reaching $10.19 billion.
Ethereum’s market value reached $220.73 billion which decreased slightly by 0.12% after prices briefly fell to $1,775 then stabilized above $1,800. The market exhibited marked volatility throughout the entire week as prices moved sharply up and down on a daily basis. The price climbed to its weekly peak at $1,860 before it faced small price adjustments.
