ethusd

Ethereum (ETHUSD) started the week lower but is attempting a closing near last week's candle close. Still below its 1W MA50 (blue trend-line) but the practically ranged price action of the past 12 months (March 2024 - Feb 2025) may be a Re-accumulation Phase similar to ETH's first Cycle when between March 2016 - Jan 2017 it consolidated but then started a massive rally until the end of the year.
As you can see, the two fractals are fairly similar, both starting with an initial Accumulation Phase. In the 2015 - 2017 Bull Cycle, the rally that followed the October 2015 Low was fairly symmetrical (+5069%) with the rally that followed the Re-accumulation Phase's bottom. The Cycle Top was priced higher on the 2.0 Fibonacci extension.
If ETH keeps replicating this past fractal, we can expect a more realistic Target at $5350 (+169.75% rise) and an extremely optimistic at $11000 (Fib 2.0 extension).
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$ETH

Current Price: $3,231.47 (-1.77%)
Perpetual Price: $3,229.35 (-1.84%)
Key Technical Levels and 1-Hour Chart Analysis (Bitstamp Data):
Resistance Zone:
The key resistance level near $3,525 remains a critical barrier, marked by strong selling pressure. A decisive breakout above this level could signal a more sustained bullish rally and unlock significant upside potential for Ethereum.
Support Zone:
The support zone near $3,160 represents a vital level of buying interest. This area could serve as a springboard for price recovery if Ethereum retraces further, potentially reversing the current bearish trend.
Trend Overview:
Ethereum is currently consolidating within a defined range between support and resistance. While there is a slight bearish bias as the price nears the support zone, a bounce from this area could reignite bullish momentum.
Price Targets (Take-Profit Levels):
Target 1: $3,340 (short-term resistance and a key milestone for bullish continuation).Target 2: $3,440 (secondary resistance that aligns with medium-term upward potential).
Chart Dynamics:
The 1-hour chart highlights a range-bound trading pattern with a possible breakout scenario. A move above $3,525 would validate stronger bullish sentiment, while a reversal from $3,160 could lead to recovery toward the outlined targets.
Outlook and Recommendations
The current analysis suggests a cautiously optimistic outlook for Ethereum. A rebound from the support zone at $3,160 could pave the way for a bullish move toward $3,340 and $3,440. Traders should monitor price action near the resistance at $3,525, as a breakout above this level would confirm a more robust uptrend.
Community Note:
This overview is shared for educational purposes and does not constitute trading advice. Always consider prevailing market conditions and adopt suitable risk management strategies.
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$ETH

Macro log perspective on #ETHUSDT shows a massive bull pennant forming since April 20, 2017

Pole height: ~$400
Breakout around ~$350 (conservative)
Price target: $750
Major support: $300

Data From ptk921

Real Height: $1400
History is repating itself
Macro log perspective on #ETHUSD shows a massive bull pennant forming since November 30, 2021

Pole height: ~$4800
Breakout around ~$3750 (conservative)
Price target: $10-18k
Major support: $3000

Realistic Height: $14000

The Fib Retracement Illustrates this perfectly.

Solid R:R Here