Ethereum (ETH) ready for launch? RSI Break indicates a rapid rise

Ethereum is recovering from the $2,800 support as the RSI breaks the trend. Whale wallets grow and ETH/BTC eyes break out. Will there be a bigger step?

Volume has increased during this move, with more than $21.2 billion traded in the past day. Some analysts suggest a trend change may be developing, although confirmation is still needed.

RSI outbreak and short-term setup

ETH has broken above the downside RSI trend for the first time since October. This jump is accompanied by a price stabilization above the USD 2,900 support level. Mr. Crypto noted that “a bounce is very likely here,” pointing to improving momentum.

$ETH breaks out of this downward RSI trend.

A bounce is very likely here! pic.twitter.com/HFoNtztcxx

— Mister Crypto (@misterrcrypto) November 26, 2025

In particular, the Relative Strength Index, which measures price strength, had been declining for weeks. A break above this trend line indicates that downward pressure may be easing.

Meanwhile, Lennaert Snyder marked $3,040 as a short-term resistance level. He called this a “make or breakzone and said that clearing it would open the way to $3,140 and $3,200. If ETH fails to hold, he sees the $2,950-$2,900 zone as possible support. The analyst also warned that losing this level could lead to a return to the lows of $2,800.

Snyder added: “If the price rises $3,040, I will try to go long”, but noted that if ETH is rejected again, he would consider short positions.

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ETH/BTC pair approaching breakout pattern

The ETH/BTC chart shows a recovery from the BTC zone of 0.0300–0.0325. ETH is now trading at around 0.0332 BTC. Michael van de Poppe said this arrangement could lead to an outbreak. “This cycle is far from over,” he said, referring to ETH’s broader structure.

Mafia boss be into a falling wedge that forms in a long-term descending channel. The price has risen above the wedge and a breakout from the larger channel could push ETH/BTC towards the 0.0695 area.

High portfolio activity and decline in stock market supply

As CryptoPotato reported, wallets holding between 10,000 and 100,000 ETH now manage more than 21 million tokens. This is the highest level since the launch of Ethereum. Addresses holding more than 100,000 ETH have also increased holdings to approximately 4.3 million.

Meanwhile, tokens on exchanges continue to fall. This could indicate that larger holders are removing coins from trading platforms, possibly for long-term storage. Additionally, Ali Martinez noted that $2,250, $1,550 and $1,080 are “strong zones to accumulate ETH ahead of the next rally.”