Can It Hold the Trendline and Surge?

• Ethereum touching trendline support at $1,971 signals a possible reversal.
• Ethereum RSI at 44.19 just triggered a buy signal for the first time since 2022.
• Trendline support of price action suggests the possibility of a bullish rally for Ethereum.

Ethereum (ETH) is viewed at a critical price zone that traditionally marked the threshold of entry for a macro bottom. Currently at a price of $1,971.0 as of the March 21, 2025, Ethereum directly tests a significant trendline that has changed from resistance to support across prior market cycles. At this price, a manual “buy” trigger was activated for the first time since 2022 in synergy with a major technical indicator. All of the above factors are thus pointing toward significant price appreciation prospects for Ethereum, possibly reversing its downtread trajectory and paving the way toward a bullish market cycle.  

Price Action and Trendline Support

A consideration of Ethereum’s price trends over the years clearly shows a basis for moving up, and the latest low coincides with strong trendline support. The prior idea has come into play once again, in early 2025.

Now that Ethereum is nearing that zone, it is incumbent upon the market to prove that the trendline is indeed a good indicator of support. Historically, Ethereum touching this trendline has often resulted in meaningful recoveries in price. This particular technical development makes a proposition that Ethereum may soon be reversing from price levels around $1,971.

RSI Indicator Shows Potential for Reversal

Further, the RSI acts as another confirmation for Ethereum entering the critical zone of buy. The index is currently at 44.19, thus resting above the oversold level, which means that it still has some momentum on the upside.

Such a reading suggests that it is not until now that Ethereum is regarded as being overbought, meaning that there are still great expectations of a price gain. Intriguingly, this is the first time since early 2022 that the 2-year RSI indicator triggered a buy signal, showing that bullish sentiment could return in Ethereum. 

Historical Context and Market Sentiment

Price action and RSI levels of Ethereum currently appear very reminiscent of previous times when strong bull markets commenced right after the cryptocurrency touched similar support levels. Over the years, the market capitalization of Ethereum has risen greatly, and hence with a price near $1,971, Ethereum is primed for a considerable upward shift. I

t is in such background checking that the concurrence of technical indicators like the trendline support and an RSI buy trigger form a strong proposition for Ethereum gaining key ground upward. Recovery of Ethereum back anytime around these levels has repeatedly led to huge price ranges, which is what many in the market believe could soon happen again.