Is a 50% Rally After ETH Breaks $2,350?

Ethereum has posted two fresh bullish signals on the daily chart, as price closed above the long-watched $2,350 pivot and the SuperTrend indicator flipped to Buy for the first time since September. Together, the moves suggest Ethereum may be leaving its multi-month downtrend behind as traders watch whether the breakout can hold.

Ethereum Breaks Above $2,350 as Multi-Year Pivot Comes Back Into Focus

Ethereum closed above the $2,350 zone on the daily chart, moving through a level analyst Cheds described on X as a critical pivot stretching back more than four years.

The chart shows ETH pushing above a resistance block near $2,100 to $2,150 after weeks of recovery from its February drop. That daily close matters because the zone had capped recent price action. Now, it becomes the first support area to watch.

Ethereum Daily Breakout Above $2,150. Source: Cheds

Momentum also improved with the move. ETH climbed above short-term moving averages, while the breakout candle came with stronger volume. In turn, that points to firmer buyer participation around the breakout.

Earlier, Ethereum fell sharply from the $3,000 area and later stabilized around $1,900 to $2,000. Since then, the chart has shown a steadier base and a series of higher lows, which helped set up the latest move higher.

If ETH holds above $2,150, the next area on the chart sits near $2,600 to $2,700, where a higher resistance zone appears. However, the immediate test remains simple: whether Ethereum can keep this multi-year pivot as support after the breakout.

Ethereum SuperTrend Buy Signal Ends Multi-Month Downtrend

Meanwhile, Ethereum has flashed a new Buy signal on the daily chart, marking the first SuperTrend reversal since September, according to chart analyst Ali Charts on X. The signal points to a possible trend shift after months of weakness and range-bound trading. In his post, Ali Charts said the indicator previously preceded gains of 52% and 174% in earlier cycles.

Ethereum Daily SuperTrend Buy Signal. Source: Ali Charts

The chart shows Ethereum moving out of a prolonged downtrend that lasted from late 2025 into March 2026. During that stretch, the SuperTrend indicator stayed in Sell mode as price continued to trade below a descending trend structure. Now, that setup has flipped, suggesting bearish momentum has weakened and a new directional move may be starting.

Ali Charts also said Ethereum reclaimed the $2,200 area as support after spending 39 days below that level. That recovery matters because regaining a lost support zone often changes short-term market structure. In addition, he pointed to stronger institutional demand, noting that exchange-traded funds accumulated 83,000 ETH over the last three weeks, worth about $193 million.

The chart also highlights how previous Buy signals aligned with strong upside follow-through. One earlier signal was followed by a 52.20% move, while another led to a 174.25% rally. Although past performance does not guarantee a similar result, the comparison shows why traders are watching this technical change closely.

Looking ahead, Ali Charts identified $2,400 and $2,600 as the next levels to watch if the breakout continues. For now, the main signal is the trend reversal itself. After months of downside pressure, Ethereum has produced a daily SuperTrend Buy signal that may mark the end of the latest downtrend phase.