Ethereum Price Prediction: Long-Term Breakout Opens the Door to $3,500

Ethereum is breaking long-term resistance against both the U.S. dollar and Bitcoin. Holding above these breakout levels could open a move toward $3,500 while strengthening $ETH’s chances of outperforming $BTC.

Ethereum Breakout Opens Path Toward $3,500

Ethereum has moved above a descending resistance line that controlled its daily trend for nearly a year. Analyst Crypto Patel said the breakout shifts momentum toward buyers, provided $ETH continues holding above the former trendline.

$ETH daily chart. Source: Crypto Patel/X

The breakout area around $1,850–$1,900 now needs to act as support. Holding it could open a recovery toward $2,350 and $2,950 before Ethereum challenges the larger $3,350–$3,500 resistance zone.

However, $3,500 remains a distant and conditional target. A daily close back below the broken trendline would weaken the breakout and increase the risk of another decline toward $1,700–$1,550.

$ETH/$BTC Breaks Its 11-Month Downtrend

Ethereum has broken above an 11-month descending trendline against Bitcoin, according to analyst Ted. The move suggests $ETH may be entering a period of stronger relative performance after months of weakness.

$ETH/$BTC weekly chart. Source: Ted/X

The pair now needs to hold above the broken trendline and reclaim 0.03 $BTC to confirm the breakout. Continued strength could bring the 0.032 $BTC and 0.034 $BTC resistance levels into focus.

However, a weekly close back below 0.028 $BTC would weaken the setup. A deeper decline toward 0.026 $BTC would suggest the broader $ETH/$BTC downtrend remains active.