Ethereum: Forms Triangle Bottom on Weekly Chart

Trader Tardigrade, known as @TATrader_Alan, highlights a triangle bottom emerging on the Ethereum weekly chart, where MACD continues diverging post-bullish crossover and the histogram climbs steadily, pointing to accelerating momentum and a robust uptrend in the crypto market.

Ethereum trades at $2333.54 amid this bullish setup, drawing parallels to last summer's rally when ETH broke out from similar consolidations, fueled by layer-2 adoption and DeFi surges that echoed Bitcoin's BTC dominance in the broader crypto uptrend signals.

Zooming into the 4-hour chart, price action holds firm in a bullish trend with the EMA50 at $2324.77 acting as immediate support and the EMA200 at $2240.74 anchoring longer-term floors, while MACD flashes a golden cross at -2.48 confirming upward strength; RSI sits neutral at 52.63, avoiding overbought territory as volatility bands squeeze with upper resistance at $2340.34 testing bulls and lower support at $2301.2 offering a cushion—expect confluence here to drive a push toward that upper band before any pullback, aligning with our ETH price prediction for continued gains in this macro cycle.

This pattern screams opportunity for institutional flows, especially as Ethereum market analysis ties into recent Bitcoin halvings that juiced altcoin rotations over the past nine months.