Ethereum Breaks Above Key Moving Average for First Time Since October

Ethereum closed the week near $2,327, moving above its 20-day moving average on the weekly chart for the first time since October 2025, according to analysis by Sky on X. The move puts ETH’s recovery setup back in focus, as the cryptocurrency has rebounded from February and March lows near the $1,750 to $1,950 area and returned to the $2,300 zone.

Weekly Chart: Moving Average Breakout Signals Momentum Shift

Moving averages often act as trend filters for traders. When price closes above a key average, it may signal that momentum is improving. Sky’s observation of this weekly close above the 20-day moving average marks the first such occurrence since October 2025, drawing attention to the current technical setup.

However, ETH still trades below the higher red moving average near $3,154, which remains a major resistance area. Sky compared the current move with the previous breakout in October 2025, when ETH later climbed from around $2,400 to $5,000. That historical comparison adds context to the current setup, though ETH still needs stronger follow-through to confirm a larger trend shift.

For now, the $2,300 to $2,350 area is the key short-term zone. If ETH holds above it, the next upside focus may shift toward the $2,550 and $2,850 levels. However, a drop back below the moving average could weaken the recovery and return focus to the $2,150 support area.

Ethereum Weekly Close Above Moving Average. Source: Sky on X

Monthly Chart: Long-Term Rising Channel Maintains Bullish Structure

On the monthly Bitstamp chart, Ethereum traded near $2,332 while continuing to hold inside a large rising channel that stretches from the 2016 lows toward the projected 2031 area, according to analysis by The Great Mattsby on X. The chart shows ETH moving “up and to the right” inside the long-term structure.

The lower trendline has acted as the main support line across several cycles, while the upper trendline marks the wider upside boundary. ETH is now near the lower half of the channel after years of sideways movement between roughly $1,500 and $4,800. Despite remaining far below its previous high, price has not broken the long-term structure.

The analysis shows a possible continuation move toward higher levels in 2026, 2027, and later years, though this is a projected path rather than confirmed price action. For now, the main level to watch is the lower channel support. As long as ETH holds above that rising line, the long-term bullish structure remains active. A break below it would weaken the setup and challenge the broader upside view.

Ethereum Long Term Rising Channel. Source: The Great Mattsby on X