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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

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

Godspower Owie
Godspower Owie
2 months ago
3 mins read
Ethereum

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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.

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Ethereum’s Breakout Above The MA50 Suggests Further Upside, Here’s The Target

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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
ETH eyes major breakout | Source: CryptoBullet on X

 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.

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Ethereum Price Breaks Through 50EMA After Rejection, ETH Dominance Sees Resurgence

3 months ago

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
ETH trading at $3,663 on the 1D chart | Source: ETHUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com
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Godspower Owie
Godspower Owie

Godspower Owie

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

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My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is.

One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others.

I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams.

I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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