Is Ethereum (ETH) About to Rally? Breakdown Points to Bullish Setup

Ethereum (ETH) has faced a sharp pullback in recent days, dropping 14% over the past ￰0￱ this decline, analysts suggest the recent breakdown may not indicate weakness but could instead lead to the next major upward ￰1￱ asset is trading around $3,390 at press time, after gaining 2% in the past 24 ￰2￱ technical analysts continue to point toward long-term chart structures and liquidation setups that support the possibility of a bullish ￰3￱ Suggests Breakdown Could Precede Breakout Trader Tardigrade shared a multi-cycle view of Ethereum’s price action on the 3-day ￰4￱ setup shows that ETH has previously entered strong uptrends following breakdowns from support ￰5￱ breakdowns were followed by sideways ranges and later led to major ￰6￱ the latest move, ETH appears to be repeating this ￰7￱ that the recent price weakness may serve as the starting point for the next upward trend, Tardigrade said, $ETH /3-day A breakdown is essential for a massive surge #Ethereum ￰8￱ — Trader Tardigrade (@TATrader_Alan) November 6, 2025 Based on this pattern, ETH may be building a base before continuation.

Long-Term Structure Remains in Place BACH, another market analyst, pointed to a long-term bullish pennant formation still intact on the weekly ￰9￱ recently reclaimed the $3,000 breakout level, which aligns with the 0.382 Fibonacci retracement of the previous ￰10￱ area is being monitored as ￰11￱ price targets based on Fibonacci projections include $7,700, $15,500, and $30,500, with a potential macro top between 2025 and ￰12￱ commented that, “ Crypto sentiment is completely washed out and in Extreme Fear ,” referring to current market conditions that have historically occurred near bottom ranges.) About to Rally? Breakdown Points to Bullish Setup appeared first on CryptoPotato .