Main Takeaways:-
- Ethereum Price Prediction: ETH Shows a Morning Star Pattern on the Monthly Chart.
- If Ethereum breaks above the $2,700 level, it could rise to $4,000 because of a pattern called an ascending triangle.
- The monthly Stochastic RSI shows a positive signal, which supports a big change to an upward trend.
Ethereum Eyes $4K as Ascending Triangle Pattern Takes Shape
Analysts say Ethereum’s price is making a pattern called an ascending triangle on the daily chart. This means the price keeps hitting a flat resistance around $2,700, but the lows are getting higher, showing that buyers are getting stronger.
People usually see this Ethereum price pattern as a positive sign, especially when the price keeps getting close to the resistance level more and more often.
CryptoElites, a market expert, predicts Ethereum could reach $4,000 using a method called the measured move. This method adds the size of the triangle pattern to the point where the price breaks out to guess the next target. The analyst’s chart shows a similar past breakout, which makes the prediction more believable.
If Ethereum’s price goes above $2,700 with a lot of buying, it could start a new upward trend. Closing strongly above this level is important to confirm the price will keep going up. This move is also helped by a pattern where the price has been moving tightly, which usually happens before prices start changing more quickly.
Ethereum Shows Morning Star Pattern, Indicating Price Turnaround
Analyst CryptoBullet found a Morning Star pattern on Ethereum’s monthly chart. This pattern, made of three candles, a big red one, a small one, and a big green one, closing higher, usually shows the price might change direction and start going up.
Ethereum’s price made a Morning Star pattern around $1,800, which was a strong support level before. On the monthly chart, this pattern shows the market is likely changing from going down to starting a new upward trend.
The chart shows Ethereum’s price is having trouble going past $2,500. If it can close above this level on the monthly chart, it would confirm the price is turning up and could keep rising. CryptoBullet says the next target is $3,300, based on past price patterns.
Stochastic RSI Crossover Signals Strong Upward Momentum
Another sign that Ethereum’s price might go up is the Stochastic RSI on the monthly chart. Analyst Mister Crypto says the blue line has crossed above the orange line in the oversold area. This usually means the price momentum is changing and buyers are getting stronger.
In the past, these crossovers on bigger timeframes often happened before prices went up. Right now, this crossover matches the Morning Star pattern and areas where Ethereum has been gathering support on the chart.
Mister Crypto says Ethereum has gone through similar times before, where buying built up first, and then the price went up a lot.
The second buying zone on the chart looks like what happened after the 2021 high. Since the price is now steady above recent lows and momentum is getting stronger, this suggests Ethereum might be starting to recover. Traders watching the monthly charts might see this as a sign the trend is changing.
Tracking Key Levels Moving Into Q3 2025
On the monthly chart, traders are watching two main resistance levels: $2,500 and $2,700 on the daily chart. If Ethereum can break above these levels and confirm it, more buyers might join in and the price could go up quickly.
In past Ethereum price cycles, these levels have been tough to pass and are important points to watch for what happens next.
As long as Ethereum keeps making higher lows and moves past resistance, reaching price targets around $3,300 and $4,000 is still possible according to the technical analysis.
Data shows Ethereum is trading above the $2,500 resistance level, even though it dropped slightly by 0.16% in the last 24 hours. This small drop didn’t break the important support, so Ethereum’s price is still staying in a positive, upward trend.
Read also:- Bitcoin Charts Suggest $97K Move: Bear Flag Pattern in Play
Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.
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