Market analysts are focusing on Ethereum (ETH) price predictions due to the rising number of bullish formations on charts. Technical indicators suggest a significant increase could be imminent.
Formation of Ascending Triangle
According to analysts, the price of Ethereum is forming an ascending triangle on the daily chart. This technical pattern includes horizontal resistance near the $2700 mark and a series of higher lows that indicate increasing buying pressure. If a breakout occurs above $2700 with strong volume, it could initiate a new bullish trend phase.
Morning Star Pattern Confirms Reversal
Analyst CryptoBullet has highlighted a Morning Star candlestick pattern on the monthly chart for Ethereum. This pattern could signify a market direction reversal. Ethereum formed this pattern at the $1800 level, which previously acted as strong buying support. A successful monthly close above the $2500 level may validate the reversal.
Resistance Levels and Q3 2025 Forecasts
Traders are currently monitoring two primary resistance zones at $2500 and on the daily chart at $2700. If Ethereum can confirm a breakout above these levels, it could attract more participation and lead to a rally. Analysts have also noted that these levels have historically acted as barriers for further price movement.
Under current conditions, a rise of Ethereum to $3300 and $4000 remains technically valid, provided that the price continues to hold higher lows and breaks through resistance levels.
