Ether’s (ETH) price chart is beginning to echo the bullish signals seen in bitcoin (BTC) prior to its record-breaking surge just weeks ago.
A three-line break analysis—a method that filters out smaller price fluctuations—shows ETH breaking out of an eight-month bearish pattern of declining highs and lows. This suggests a resurgence of the uptrend that began in October 2023 around the $1,500 level.
Breakouts of this kind are known to fuel buying momentum, as new investors enter the market and short sellers are forced to cover their positions, amplifying upward price movement.
Bitcoin displayed a similar breakout in October, which preceded its meteoric rise above $96,000—a 45% gain from its previous high.
On the fundamental side, Ethereum’s network activity reinforces this bullish outlook. The increase in layer-2 protocol usage has led to a rise in ETH burning, tightening supply. Simultaneously, institutional interest continues to grow, with spot ether ETFs in the U.S. posting record inflows, signaling confidence in further price appreciation.
