Ethereum Breaks Downtrend RSI Surpasses 50% Mark

Ethereum has recently demonstrated significant technical developments, indicating a potential bullish continuation on the weekly timeframe. The cryptocurrency has broken out of a downtrend on the Relative Strength Index (RSI) that had been in place since March 2024. This breakout is seen as a major momentum shift, with the RSI surpassing the 50 mark for the first time in over a year, indicating a decisive move by buyers.

This shift in RSI aligns with Ethereum's price rebound from the April 2025 low, where it bottomed near the $1,500 range before recovering sharply. This marked the beginning of a new move that has continued to build strength in recent weeks. The latest technical developments suggest that buyers are regaining control following over a year of reduced momentum.

Following its rally, Ethereum found resistance at the 21-week simple smoothed moving average (SSMA), around $2,532. Price action then moved sideways, forming a consolidation zone above the $2,500 level, identified as S1. Ethereum briefly dipped to retest the lower support near $2,115 (S2) but quickly recovered. The latest weekly close has changed the technical setup, with Ethereum closing above the 21 SSMA, possibly turning it into support for the first time since November 2024. This move strengthens the case for trend continuation, as reclaiming S1 and closing above the moving average are viewed as technical shifts that support the ongoing recovery.

Ethereum is now approaching a long-term ascending trendline, which remains a critical level to watch. If the weekly candle closes above this trendline, Ethereum could confirm a full bullish structure recovery. If this trendline is reclaimed, Ethereum could advance toward the $4,000 mark. The next resistance zone lies around $3,000, where sellers had previously capped upward movement. Ethereum’s price behavior over the coming weeks will determine if the trendline acts as a new base. Traders are closely watching the interaction between the price and this trendline to assess the strength of the current move.

In summary, Ethereum's recent technical developments, including the RSI breakout and the reclaiming of the $2,500 support level, signal a strong shift in momentum and renewed bullish control on the weekly chart. The cryptocurrency is now targeting a potential rally toward the $4,000 mark, with the next resistance zone around $3,000. The interaction between the price and the long-term ascending trendline will be crucial in determining the strength of the current move.