ETH Breaks a Year-Long Trendline – Key Weekly Levels

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Key Takeaways

ETH has cleared its primary weekly downtrend line.
$2,300 must hold on a closing basis to validate the move.
The 50-week simple moving average sits directly overhead near $2,580.
Clearing $2,580 opens the path toward the $2,800 Fibonacci level.
Weekly RSI has reclaimed neutral territory above 50 without flashing overbought conditions.

Ethereum clears a trendline that capped every rally since late 2025

Ethereum spent nearly twelve months locked beneath a downward trendline extending from its $4,950 peak. Every recovery attempt along the way stalled out at or below that falling ceiling.