Ethereum on Daily Tim Frame formed a bump and run reversal bottom pattern which is a bullish reversal pattern. During the beginning of the pattern, price often follows a down-sloping trendline that ranges from 0 to 45 degrees or little more in rare cases. Afterwards, a sharp decline in the price of an asset happens that is often followed by a relief bounce till the price touches key resistance level. A breakout above this key resistance level confirms the validity of Bump and Run Reversal Bottom Pattern.
Ethereum broke the key resistance level and we are expecting the price to retest the broken structure and trendline before it continues to upside and the target price measured from Lead In phase. In this scenario Ethereum looks more bullish then ever and all Atl coins will follow suit.
Also Ethereum’s major Pectra upgrade, combining Prague and Electra, went live on May 7, 2025. It introduced 11 key changes to improve speed, cost-efficiency, and usability which helped the price of Ethereum to bump to the upside.
Ethereum broke the key resistance level and we are expecting the price to retest the broken structure and trendline before it continues to upside and the target price measured from Lead In phase. In this scenario Ethereum looks more bullish then ever and all Atl coins will follow suit.
Also Ethereum’s major Pectra upgrade, combining Prague and Electra, went live on May 7, 2025. It introduced 11 key changes to improve speed, cost-efficiency, and usability which helped the price of Ethereum to bump to the upside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.