From TradingView · · 1m 40s
Ethereum's critical $2,355 support level faces final test
A key price level and trendline are determining whether ETH enters a bull market or drops 10% or more.
In brief
A key price level and trendline are determining whether ETH enters a bull market or drops 10% or more. ETH's $2,355 support has formed a triple bottom, and a daily close above the black trendline that's called every top since February would signal a genuine bull market shift. Originally reported by TradingView.
Last line of defense at $2,355
ETH bulls are defending $2,355 as their final support level. If it breaks, a rapid decline of 10% or more could follow.
“If this level is lost, ETH could see a rapid decline of 10% or more.”
Old resistance becomes new support
The $2,355 level was primary resistance before ETH crashed to $1,500. Now buyers are using this old resistance as support on the 3-day chart.
Triple bottom structure forming
ETH hit lows at $2,355.82 on August 23rd, $2,355.20 on September 2nd, and $2,356.82 today after the CLARITY Act failed. Little support exists between here and $2,150.
Black trendline called every top
A trendline drawn from February 2026 has marked ETH's tops throughout this entire price range. It's been tracked and referenced in real time for months.
“This is not a random line drawn after the fact. It is one I have been tracking and referencing for months.”
Institutional players respect this level
The trendline's repeated accuracy suggests algorithmic and institutional traders are using it as a decision point. Each rejection makes the eventual break more significant.
Break signals true bull market
A daily close above the trendline would represent a genuine shift in trend direction. Once that happens, the true bull market for ETH has likely begun.
“Once that close occurs, it becomes highly likely that the true bull market for ETH has begun.”
Two scenarios ahead for ETH
Short term outlook looks poor if $2,355 breaks, but watch the upper trendline closely. When it finally breaks, that's when to celebrate.
The bottom line
ETH's $2,355 support has formed a triple bottom, and a daily close above the black trendline that's called every top since February would signal a genuine bull market shift.
