Ethereum Forms A Bullish Pattern – Expert Reveals Short-Term Price Target😊

Ethereum has been trading below the $2,800 mark for the past two weeks as selling pressure at this critical level continues to exhaust bullish momentum. Investors remain cautious amid heightened volatility, fearing that Ethereum could extend its losses if it fails to reclaim key levels. Despite the uncertainty, some analysts see a potential breakout on the horizon.

Top crypto investor Carl Runefelt shared a technical analysis on X, revealing that ETH is currently trading within a 4-hour symmetrical triangle. This pattern suggests that a decisive move is coming, and if Ethereum manages to break out to the upside, it could reclaim key supply levels and push toward $3,000. However, if ETH fails to hold current levels and breaks down from the triangle, further declines could follow.

Ethereum has struggled to gain momentum compared to Bitcoin and some other altcoins, raising concerns about its relative weakness in this cycle. Traders are closely monitoring price action, looking for confirmation of the next major move. Whether ETH will break out or see further downside remains uncertain, but the next few trading sessions will likely determine its short-term trajectory.