According to @AltcoinGordon, ETH is adhering tightly to a drawn trendline on his posted chart, signaling strong trendline support in the current advance (source: https://twitter.com/AltcoinGordon/status/1955125858554782157). He states that all-time highs are likely before a corrective move, outlining a continuation bias toward prior ATH levels followed by a pullback (source: https://twitter.com/AltcoinGordon/status/1955125858554782157). His call centers on monitoring the highlighted trendline as the key level for momentum assessment, as depicted in the shared image (source: https://twitter.com/AltcoinGordon/status/1955125858554782157).

According to @ReetikaTrades, ETH remains risk-on while price holds above the highlighted purple breakout box and prevailing trend, a condition the analyst ties to an all-time high push (source: @ReetikaTrades on X). The analyst specifies that acceptance back inside the previous trading range is the invalidation trigger to reassess or reduce long exposure (source: @ReetikaTrades on X). The stated plan is simple: stay bullish above the box and trendline, and reevaluate positioning if price loses that area to manage downside risk (source: @ReetikaTrades on X).

According to @TATrader_Alan, the DOGE/ETH trading pair has Dogecoin (DOGE) currently testing a significant trendline support level. This technical setup is notable for traders as holding above this support could signal a potential outperformance of Dogecoin over Ethereum (ETH) in the near term. If DOGE maintains this support, traders may see a shift in momentum favoring DOGE over ETH, making this a critical level to monitor for those trading the DOGE/ETH pair. Source: @TATrader_Alan.

According to Cas Abbé, the recent ETH price pump was followed by a market downturn, attributed to the influence of memecoins. Cas Abbé suggests that this dump might be short-lived and anticipates ETH to retest its yellow trendline support before potentially rising to $3.1K. This analysis indicates a potential trading opportunity if the trendline support holds, aligning with historical price movements.