Technical analysis by persis10t about Symbol ETH on 5/29/2025

ETH has been grinding just below a major resistance zone (~$2,850) after breaking out of a long-term descending channel. This is the final barrier before a potential rally towards $4,000. What to Watch: Resistance: ~$2,850 Break above = momentum likely to accelerate Rejection = possible pullback to retest breakout zone (~$2,400–$2,200) Structure is strong, but confirmation is key. Bulls must clear this ceiling with volume. Patience. React to a breakout or rejection — don’t front-run.ETH continues to respect the major resistance zone at $2,700–$2,850. This remains the most crucial resistance to flip for a strong rally towards $4,000. ETH has faced repeated rejections from this zone, reaffirming its significance. On the downside, $2,400 is now crucial short-term support, and holding this level is key to preventing a deeper pullback. Resistance: $2,700–$2,850 Crucial Support: $2,400