Ethereum Tests Triangle Resistance Amid Positive Newsflow
Burc Oran
May 29, 2025

Ethereum is attempting to break out of an ascending triangle, supported by the recent U.S. tariff court ruling that came just hours ago. The 2740–2756 zone remains key, and despite a brief spike above, resistance is still holding. If a breakout is confirmed, the next major target lies at 3075. To reach that level, a new trend channel may form, potentially running parallel to the triangle’s lower line.

While ETH is benefiting from both the court decision and Nvidia’s strong earnings, the bullish momentum from the ruling may not last long. Therefore, Ether bulls should be cautious with leveraged long positions despite the favorable technical setup.

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