Ethereum traders buzz with excitement as a prominent analyst spots a classic bullish sequence unfolding on the weekly chart. Trader Tardigrade, known on X as @TATrader_Alan, highlights Ethereum's progression from a downtrend to a bottom, followed by an initial bounce and now a critical higher low. This setup, he argues, primes ETH for a substantial surge, echoing patterns seen in the crypto's rebound from early 2025 lows when it climbed over 30% in weeks amid spot ETF approvals.

Bullish Sequence Gains Traction

The analyst's tweet, posted on April 11, 2026, outlines the sequence: a red downtrend phase, an orange bottoming out, a green first bounce, and the explosive higher low marked as the pivotal moment. Traders recall similar structures driving Ethereum's push past $3,000 in late 2025, fueled by layer-2 scaling upgrades and institutional inflows. With Ethereum's ecosystem expanding through decentralized finance innovations, this higher low could ignite fresh buying pressure, potentially targeting resistance levels not seen since the 2025 peak.

Technical Confluence on the 4-Hour Chart

Zooming into the 4-hour timeframe, Ethereum trades at $2244.97 in a bullish trend structure, hugging the EMA50 at $2165.99 as immediate support while the EMA200 at $2094.94 anchors longer-term stability. Momentum sits neutral with RSI at 62.72, avoiding overbought extremes, yet the MACD flashes a bearish death cross at 25.89, suggesting short-term caution. Price action dances inside the Bollinger Bands, testing the upper resistance at $2266.13 without exhaustion, while the lower support at $2163.2 aligns closely with the EMA50—creating a confluence that favors a quick dip there for accumulation before bulls reclaim control and drive toward higher targets.

Market participants eye this setup amid broader crypto momentum, with Ethereum's staking yields attracting steady capital. As regulatory clarity improves post-2025 elections, analysts project sustained upside if the higher low holds firm.