Ethereum Surges Breaking Downtrend Momentum Shift

Ethereum Breaks Downtrend, Eyes $2,000 Resistance

• Ethereum (ETH) trades at approximately $1,807.99.
• ETH has broken out of its downtrend for the first time since December 2024.
• The asset is over 55% below its December 2024 highs.
• Key support levels include the 200-period SMA at $1,700.49 and the EMA at $1,783.99.
• A breakout above the $1,860–$1,880 range could lead to a retest of the $2,000 level.

Ethereum’s recent breakout from a long-standing downtrend suggests potential for upward movement as it consolidates around $1,800. Key support levels are being tested while traders watch for a push beyond critical resistance zones near $2,000.