Is Ethereum poised for a major rally? All eyes are on the ETH price chart as Ethereum breaks out of a diamond price pattern, suggesting a significant upside move is imminent. Recent analysis suggests that Ethereum (ETH) is on the verge of a significant breakout as it forms a flag and pole pattern, a bullish technical indicator. Crypto analyst Kartik highlights this, pointing to the potential for substantial gains.

According to recent data, Ethereum (ETH) appears primed for a significant price rally based on positive technical indicators. A technical pattern suggests an upcoming Ethereum rally to...

Key Price Levels to Watch: Traders are now focusing on two crucial levels: support near $1,800 and resistance close to $4,000. If Ethereum holds its current course and breaks above the triangle’s top, a new rally is highly probable.

Veteran Analyst Weighs In: Veteran trader Peter Brandt suggests a potential Ethereum rally to $3,800–$4,800 if ETH breaks above a rising wedge pattern.

Potential Pullback Before the Surge? While the overall outlook is bullish, Ethereum’s price is expected to dip to $2,500 before reaching new all-time highs, according to an analyst. A short-term pullback may occur as the market consolidates before its next major move. Stay informed and monitor ETH price action closely for confirmation of the breakout.