• ETH climbed from below $2,000 and now trades at $3,833 as it tests the $4,400 resistance line again.
•  The weekly chart shows a breakout from the downtrend and price moving upward with strong momentum.
•  If Ethereum closes above $4,400 it could mark the first break above this zone in over 18 months.

Ethereum (ETH) has reached $3,833.25 after a sharp weekly rally, now testing a key horizontal resistance near the $4,400 level. The current chart shows a breakout from a long-term descending trendline, followed by a steady rise toward this critical zone. The price action presents a technical setup that could influence Ethereum’s medium-term direction.

The weekly chart, captured on July 31, 2025, shows ETH rising from below $2,000 to nearly $3,900 in a few trading weeks. This advance followed a breakout above a well-defined downtrend line that began in late 2023. Since breaching that resistance, momentum has continued pushing ETH toward an area where past price peaks were rejected.

The resistance line near $4,400 has acted as a ceiling multiple times. ETH reversed from this level in previous rallies, most notably in 2024 and early 2025. The current approach to this level once again puts the asset at a decision point, with traders closely watching for a breakout or reversal.

Historical Context Frames the $4,400 Level

Ethereum has traded below $4,400 for over a year, unable to close above it on a weekly basis despite multiple attempts. In early 2024, ETH surged toward this level but failed to maintain its position, leading to several months of decline. A similar pattern repeated later in the year, again stopping near the same resistance.

This horizontal line on the chart marks a region of selling pressure, where sellers have consistently entered to defend their positions. As ETH now retests it once more, the importance of this level increases. If broken, it would be the first clean weekly close above $4,400 in over 18 months.

The descending trendline, now broken, acted as long-term resistance. Its breach indicated a structural shift in Ethereum’s market behavior. Since that move, buyers have regained control, driving the asset through prior swing highs with increasing volume and stronger candles.

Technical Setup Supports Current Uptrend Momentum

The price structure shows that ETH is building higher highs and higher lows following the breakout. The green moving average near $1,800 previously served as long-term support and was successfully defended during earlier market pullbacks. Price staying well above this moving average supports continued bullish sentiment.

The move above $3,200 last week confirmed that buyers reclaimed short-term control. The market then pushed further toward the $3,833 area, reaching a range not seen since early 2024. The clean momentum seen in recent weeks suggests strong demand and improving sentiment across the Ethereum market.

Volume has shown a steady increase alongside price. While not yet peaking, the steady participation may continue building as ETH approaches the $4,400 mark. With this setup now firmly in place, one question emerges for traders and investors: can Ethereum finally break and hold above $4,400 to confirm the end of its multi-year consolidation phase?