Ethereum: Third Monthly Base Pattern Signals Launch
Ethereum monthly chart repeats rounded base structure for third time, lifting off Step III support near $2697 with bullish 4h EMA confluence intact.
SourceAnalysis
Ethereum has completed the same rounded base formation three times on the monthly chart, with each prior instance followed by a sharp advance to higher levels, and price has now lifted off Step III support according to trader @TATrader_Alan. On the 4h timeframe ETH trades at $2697.74 inside the Bollinger Bands with the upper resistance at $2737.4 acting as the immediate volatility target while the lower band at $2656.7 provides short-term support; the EMA50 at $2687.09 serves as concrete medium-term floor above the EMA200 at $2574.23, and the MACD golden cross at 1.29 keeps the trend structure bullish even as RSI at 51.62 remains neutral, suggesting any pullback would likely find bids at the 50-EMA before continuation. This setup aligns with ongoing ETH price prediction models that track historical base-and-launch sequences and positions Ethereum for potential extension in the current crypto bull run continuation phase.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.