Ethereum (ETH/USDT) is exhibiting a bullish shift in market structure following a decisive break above a descending trendline. The emergence of higher lows suggests the formation of an uptrend, supported by a strong breakout candle indicating positive momentum.
Technical analysis identifies an aggressive entry zone between 2,370 and 2,380 for continuation plays, while a more conservative entry is positioned between 2,320 and 2,350, anticipating a pullback to established support. Price targets are set at 2,400, 2,450, and 2,500, with a stop-loss placed below 2,250 to align with moving average support and structural integrity.
This setup occurs amidst a neutral market sentiment, as indicated by a Fear & Greed Index of 53. The transition from a descending trend to an accumulation phase reflects a cautious but optimistic outlook for Ethereum as it seeks to establish a new baseline.





