📈 ETH Breaks An 11-Month Downtrend On The Weekly
Eleven months of lower highs, finally beaten. Ethereum has pushed above the descending trendline drawn from its August 2025 record of $4,951, trading at $1,957. On the weekly chart, that line had rejected every rally since the top. This is the first clean break.
📈 Where it stands:
Price: ~$1,957
Trendline age: about 11 months, from the $4,951 peak
Still down: roughly 60% from that high
Fear and Greed: 27, fear despite the break
Why the weekly matters more than the daily: a weekly trendline reflects eleven months of accumulated selling pressure, not a few weeks of noise. Breaking it means the sellers who capped every bounce since August 2025 have finally been absorbed. The weekly structure shows a selling climax, automatic rally, secondary test, then this break, a textbook Wyckoff bottoming sequence playing out on the highest timeframe that matters.
Now the honest part. Price sits directly under the 100-day average near $1,960, and the 200-day near $2,242 is still far overhead and still falling. The real supply wall is $2,000 to $2,150. Breaking a trendline is step one, closing above those averages is what confirms a trend change. Weekly breaks also need a weekly close to count, and this candle isn't closed yet.
What to watch:
Weekly close above the trendline, then clear $2,000, and $2,150 opens up.
Fall back under $1,820, and this becomes a failed break toward $1,760.
Eleven months of resistance breaking is worth respecting, not chasing. Let the weekly candle close first, then act. The Fed lands Wednesday.
Real trend change, or a break that needs the close to prove it?
Not financial advice. $ETH
$BNB
$BTC
Eleven months of lower highs, finally beaten. Ethereum has pushed above the descending trendline drawn from its August 2025 record of $4,951, trading at $1,957. On the weekly chart, that line had rejected every rally since the top. This is the first clean break.
📈 Where it stands:
Price: ~$1,957
Trendline age: about 11 months, from the $4,951 peak
Still down: roughly 60% from that high
Fear and Greed: 27, fear despite the break
Why the weekly matters more than the daily: a weekly trendline reflects eleven months of accumulated selling pressure, not a few weeks of noise. Breaking it means the sellers who capped every bounce since August 2025 have finally been absorbed. The weekly structure shows a selling climax, automatic rally, secondary test, then this break, a textbook Wyckoff bottoming sequence playing out on the highest timeframe that matters.
Now the honest part. Price sits directly under the 100-day average near $1,960, and the 200-day near $2,242 is still far overhead and still falling. The real supply wall is $2,000 to $2,150. Breaking a trendline is step one, closing above those averages is what confirms a trend change. Weekly breaks also need a weekly close to count, and this candle isn't closed yet.
What to watch:
Weekly close above the trendline, then clear $2,000, and $2,150 opens up.
Fall back under $1,820, and this becomes a failed break toward $1,760.
Eleven months of resistance breaking is worth respecting, not chasing. Let the weekly candle close first, then act. The Fed lands Wednesday.
Real trend change, or a break that needs the close to prove it?
Not financial advice. $ETH
$BNB
$BTC