Technical analysis indicates that Ethereum is at a critical juncture determining the medium-term trend. The chart shows that ETH, after months of consolidation, has successfully broken through a clear "triple bottom" pattern, which is often seen as a positive signal indicating a shift from a weak to a strong trend.
Currently, the price is retesting the key support zone after the breakout. The $3,188 to $3,200 (former resistance turned support) and $3,130 (structural support) are the most important recent observation areas. If support holds in this region and stabilizes, the breakout pattern is valid, and the subsequent upward target could reach around $4,000. Conversely, if the daily closing price effectively breaks below $3,050, it indicates a failed breakout, and the market may revert to a consolidation or downward channel.
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Technical analysis indicates that Ethereum is at a critical juncture determining the medium-term trend. The chart shows that ETH, after months of consolidation, has successfully broken through a clear "triple bottom" pattern, which is often seen as a positive signal indicating a shift from a weak to a strong trend.
Currently, the price is retesting the key support zone after the breakout. The $3,188 to $3,200 (former resistance turned support) and $3,130 (structural support) are the most important recent observation areas. If support holds in this region and stabilizes, the breakout pattern is valid, and the subsequent upward target could reach around $4,000. Conversely, if the daily closing price effectively breaks below $3,050, it indicates a failed breakout, and the market may revert to a consolidation or downward channel.