Ethereum is exhibiting signs of a significant trend reversal following a period of volatility within a broad macro structure. Technical analysis indicates that ETH has broken above the descending resistance that defined its recent correction, signaling a shift in momentum toward the bulls.
A potential high-probability entry zone is identified between $2,140 and $2,160, where previous resistance is expected to transition into support. This technical setup, combined with a reset in the Relative Strength Index (RSI), suggests the asset is positioned for an upward move.
The primary price target is projected between $2,280 and $2,300, with a secondary objective of $2,400 should the asset sustain a breakout above the macro wedge. This bullish thesis remains valid provided the price does not close below the $2,080 support level on a six-hour timeframe. This recovery attempt occurs against a neutral broader market sentiment, suggesting that Ethereum's local strength may be decoupled from general market indecision.





