Ethereum At A Make-or-Break Moment: Chart Structure Signals A Mega Move

Source Newsbtc

Ethereum is approaching a pivotal juncture that could define its next major move. After weeks of impressive recovery, the chart is now flashing a familiar and powerful pattern — one that echoes the 2019–2020 breakout structure. With ETH pressing against a long-standing resistance line for the third time, a potential breakout could spark a massive rally. However, as momentum builds, a brief pullback may still be on the cards before the bulls take full control.

Ethereum Poised For A Massive Move

Crypto analyst CryptoBullet has spotted something interesting on Ethereum’s weekly chart. In his post, the expert notes that ETH is displaying a strong recovery and forming what appears to be a Descending Broadening Wedge, a rare yet historically bullish pattern. According to CryptoBullet, this setup bears a striking resemblance to what occurred between 2019 and 2020, just before Ethereum embarked on a massive run.

CryptoBullet emphasizes that the current price action is looking very bullish. He points out that Ethereum is now testing the wedge resistance for the third time, which typically increases the chances of a breakout.

Ethereum

 Despite the optimism, CryptoBullet remains realistic about near-term volatility. He suggests that Ethereum could face a brief 10–15% pullback near the current resistance zone. Such a move would be healthy and could offer a final shakeout before liftoff.

If ETH manages to break above this key resistance, CryptoBullet believes it would confirm the bullish pattern and open the door to a significant rally. In that scenario, he believes a new all-time high is almost inevitable.

Short-Term Pullback Possible—But The Bigger Trend Remains Intact

According to Andrew Crypto in a recent post, Ethereum has shown exceptional strength over the past few weeks, pushing through key levels and maintaining bullish momentum. While this kind of rally is exciting, markets rarely move up in a straight line without occasional corrections. Healthy trends often include pullbacks that allow momentum to reset and provide stronger support for the next leg up.

Andrew pointed out that ETH recently got rejected from a local supply zone, which could act as a short-term ceiling. However, this rejection toward the Yearly Open (YO) level, positioned at $3,335, would be a logical and healthy move. A retest of this level could serve as a launching pad for the next rally, especially if buyers step in with conviction. 

While Andrew clarified that a correction isn’t guaranteed, he mentioned that he wouldn’t be surprised if it happens. In his view, such a dip shouldn’t be feared but rather seen as a potential opportunity, especially for those who missed out on the initial run. A well-timed pullback could restore balance to the chart and bolster Ethereum’s price.

Ethereum
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Edges Higher to $118.5K Amid U.S.–Japan Trade Optimism, but Stays RangeboundBitcoin posted modest gains in Asian trading on Wednesday, rising 0.5% to $118,582.7 as of 02:10 ET (06:10 GMT). The move was supported by improved global risk sentiment following news of a trade breakthrough between the United States and Japan.
Author  Mitrade
13 hours ago
Bitcoin posted modest gains in Asian trading on Wednesday, rising 0.5% to $118,582.7 as of 02:10 ET (06:10 GMT). The move was supported by improved global risk sentiment following news of a trade breakthrough between the United States and Japan.
placeholder
Safe-Haven Dollar Holds Steady Near Recent Lows as Housing Data LoomsThe U.S. dollar held its ground on Wednesday after falling for three straight sessions, although it remains close to its lowest level in two weeks. The stabilization comes as investor risk appetite improved following a new trade agreement between the U.S. and Japan.
Author  Mitrade
13 hours ago
The U.S. dollar held its ground on Wednesday after falling for three straight sessions, although it remains close to its lowest level in two weeks. The stabilization comes as investor risk appetite improved following a new trade agreement between the U.S. and Japan.
placeholder
Cantor Fitzgerald Holds Overweight Rating on Tesla, Retains $355 Target Price Cantor Fitzgerald has once again affirmed its Overweight rating on Tesla (NASDAQ: TSLA), setting a price target of 355.00, according to a research note released on Monday.
Author  Mitrade
13 hours ago
Cantor Fitzgerald has once again affirmed its Overweight rating on Tesla (NASDAQ: TSLA), setting a price target of 355.00, according to a research note released on Monday.
placeholder
S&P DJI Acquires ARC to boost wealth data LONDON – S&P Dow Jones Indices, a unit of S&P Global (NYSE: SPGI), announced on Monday that it has signed a definitive agreement to acquire ARC Research.
Author  Mitrade
14 hours ago
LONDON – S&P Dow Jones Indices, a unit of S&P Global (NYSE: SPGI), announced on Monday that it has signed a definitive agreement to acquire ARC Research.
placeholder
Ethereum validator exit hits nine days waiting, with nearly $2B in ETH ready to exit the networkThe Ethereum (ETH) network is experiencing an exodus of validators waiting in line to exit with their staked ETH. A shift in validator sentiment has followed the 160% rally in Ethereum over the last four months.
Author  FXStreet
14 hours ago
The Ethereum (ETH) network is experiencing an exodus of validators waiting in line to exit with their staked ETH. A shift in validator sentiment has followed the 160% rally in Ethereum over the last four months.
goTop
quote