Ethereum Signals Possible Breakout as Chart Pattern Echoes Past 200% Surge $ETH $BNB $USDC
#Ethereum✅ #ETHanalysis #cryptomarket
Ethereum (ETH) is showing a technical setup that closely resembles a past market structure that preceded a major rally, raising expectations among analysts for a potential upside move. Current weekly charts show ETH retesting a long-term ascending trendline that has supported its broader bull cycle since 2022.
A similar pattern appeared in early 2025, when ETH briefly fell below important moving averages, triggered heavy selling, and then quickly recovered — eventually climbing more than 200% in the months that followed. Now, price action again shows weakness below short- and mid-term averages, but tightening movement near major trend support suggests bearish momentum may be fading.
Momentum readings also support a possible stabilization. The weekly RSI has moved toward historically oversold levels without entering a prolonged bearish zone, a behavior often seen near cycle bottoms rather than at the start of extended downturns.
On-chain data adds to the cautious optimism. Ethereum’s MVRV deviation bands indicate the asset is trading near historically undervalued territory and close to its realized price — an area that has previously attracted demand. In earlier cycles, these zones often marked accumulation phases before rebounds, not deep capitulation events.
Market observers note that ETH would still need to reclaim key moving averages to confirm a stronger bullish continuation, but current technical and on-chain signals suggest conditions are aligning for a potential recovery phase.
