Ethereum has recently shown positive price movement by crossing the $3.1k mark and forming a bullish pattern. This breakout from the falling wedge pattern has led to conversations about a potential bull rally. Despite facing some difficulties in the previous week, Ethereum has managed to regain momentum and increase in price. At the time of writing, Ethereum was trading at $3,144.11, indicating a potential increase in value. The market signals remain unclear, but indicators suggest that Ethereum may be undervalued at the moment.