Ethereum The daily chart showed two new bullish signals as the price closed above the long-noted $2,350 pivot and the SuperTrend indicator flipped to ‘buy’ for the first time since September. Taken together, these moves suggest that Ethereum could break out of a multi-month downtrend as traders focus on whether the breakout holds.
Ethereum tops $2,350 as multi-year pivots come back into focus
Ethereum ended above the $2,350 zone on the daily chart, passing through a level that analyst Chez described as a significant pivot on X going back more than four years.
The chart shows that $ETH After weeks of recovery from February’s decline, the price has broken out above the resistance block around $2,100 to $2,150. The day’s closing price is important because this zone has limited recent price movements. From now on, this will be the first support area to focus on.
Ethereum daily breakout is above $2,150. sauce: Chez
This move also gained momentum. $ETH Above the short-term moving average, the breakout candlestick was accompanied by stronger volume. This in turn indicates stronger buyer participation around the breakout.
Previously, Ethereum plummeted from the $3,000 area, but has since stabilized around $1,900 to $2,000. Since then, the chart has shown a more stable base and a series of higher lows, which helped set the latest move higher.
if $ETH Once above $2,150, the next area on the chart is located around $2,600 to $2,700, where a higher resistance zone appears. However, the immediate test remains simple: whether Ethereum can sustain this multi-year pivot as support after the breakout.
Ethereum Supertrend Buy Signal Ends Multi-Month Downtrend
Meanwhile, Ethereum has issued a new buy signal on the daily chart, marking the first supertrend reversal since September, according to chart analyst Ali Charts on Ex. This signal indicates a possible change in trend after months of weakness and range-bound trading. Ali Chart said in the post that the indicator had led gains of 52% and 174% in previous cycles.
Ethereum daily super trend buy signal. sauce: ant chart
This chart shows that Ethereum is breaking out of a long-term downtrend that lasted from late 2025 to March 2026. During that period, the supertrend indicator remained in sell mode as the price continued to move below the downtrend structure. Now, that setup has reversed, suggesting that bearish momentum is weakening and a new directional move may be starting.
Ari Charts also said that Ethereum has regained the $2,200 area as support after spending 39 days below that level. This recovery is important because short-term market structure often changes when a lost support zone is regained. He also pointed to increased demand from institutional investors, noting that the exchange-traded fund has accumulated $83,000. $ETH That’s about $193 million worth over the past three weeks.
This chart highlights how the previous buy signal was matched with strong upside follow-through. The previous signal was followed by an increase of 52.20%, and another signal saw an increase of 174.25%. Although past performance does not guarantee similar results, this comparison shows why traders are closely monitoring this technical change.
Looking ahead, AriCharts has identified $2,400 and $2,600 as the next levels to watch if the breakout continues. For now, the main signal is the trend reversal itself. After months of downward price pressure, Ethereum generated a daily supertrend buy signal that could mark the end of the latest downtrend phase.
