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The triple bottom pattern for Ethereum has been confirmed, with the next target set at $5000.
According to historical patterns, whenever three identical bottom formations occur, the price tends to break through to new highs. This time is no exception—the $2.8k bottom is the final support level, followed by an upward channel.
Currently, ETH has broken through $3.3k, with a gain of 23%. This is not a coincidence but a natural result of technical pattern validation. Looking back to August 2020, after the same triple bottom pattern appeared, a strong upward trend followed.
In this cycle, we see the same signal. When such technical patterns appear, the market usually follows this logic—bottom confirmation, then space to grow. The current price action just confirms this. The $5000 target doesn't seem far off.