A rare graphic figure is being formed in Ethereum, attracting the attention of Crypto analysts. If it is confirmed, this configuration could trigger a powerful Haussier movement, with a price target located around 3,360 dollars in the coming days.
Ethereum: a bullish signal well known to traders
While Ethereum is currently in the process of falling 95 % of the costs of Blobs which threatens its future, a reversed reason forms. Called inverse Head and Shoulders (H&S), this is a reversal figure. The latter is formed after a period of consolidation and anticipates a change of management of the Crypto market. In the case of Ethereum, the current configuration clearly shows a left shoulder, a lower head, then a right shoulder, with a neck line which serves as key resistance (rest assured, we always talk about crypto).
To validate this bullish scenario, Ethereum will have to cross this neckline, often represented in yellow as on the crypto graphic below. A clear break of this level could trigger a wave of purchases, fueled by increasing upward pressure.
Key levels and technical indicators
Several technical indicators strengthen this hypothesis. The RSI (relative Strength Index) remains in a neutral zone, offering margin for progression without going into overcrowding. For its part, the MacD displays signs of positive convergence, reflecting a revival of dynamics for Ethereum.
In the event of confirmation of the breakout, Ethereum will then have to face several resistances. The first important level is around $ 2,160, followed by $ 2,858, a zone historically marked by high selling pressure. Crossing these thresholds could propel the ETH to the $ 3,360, corresponding to a major ancient. Furthermore, Pectra update Scheduled for May 7, 2025 could further intensify market volatility and positively influence the course of the ETH.
Investors therefore closely monitor this configuration, ready to act in the event of a signal confirmation. If the volume accompanies the break in key resistance, Ethereum could find a durable upward dynamic. In this context, the ETH could become one of the most efficient assets on the Crypto market in the short term.
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