Technical analysis by Kartik_Elkunchwar about Symbol ETH on 5/9/2025

Ethereum Breaks Key Resistance, Signaling Potential Trend ReversalEthereum has delivered two significant technical signals indicating a potential trend reversal. The first is a breakout above the longstanding downtrend line, and the second is the breach of the critical \$2,100 resistance level. These developments suggest growing bullish momentum in the market.With both confirmation signals in place, Ethereum appears poised for further upside. Traders may now look for a potential pullback or retest around the \$2,100 level, which could serve as a strategic entry point for long positions.If this level holds as new support, the next target to watch is the \$2,800 mark, aligning with broader market expectations and previous price structure zones.As always, traders should monitor price action closely and manage risk accordingly in case of volatility around key levels.