$ETH on the daily timeframe, this pattern has appeared before in the form of a bull flag, and the previous occurrence has resulted in a bullish breakout. What we're seeing now looks like another repetition of that same structure.

If history repeats itself, this breakout could mark the beginning of a stronger upside move and potentially signal the end of $ETH 's short-term bearish trend.

The technical setup is in place, but as always, confirmation comes from price action. Now it's a matter of watching how the breakout develops and whether buyers can maintain momentum.

NFA – Always manage your risk.