Ethereum appears to be shifting gears — bullish momentum is building and key technical barriers are falling, putting a renewed $2,900 target back on the radar.
What's just happened
- Analyst Ali Charts flagged a decisive breakout from a long-standing ascending triangle after ETH cleared the pattern’s horizontal boundary. The move included a clean breach and flip of the $2,385 level, which now acts as support.
- That flip is more than a routine price move: it represents a structural shift from consolidation into an expansionary phase. By absorbing the prior overhead supply, the market has less resistance to higher prices, and the triangle’s measured move points to a primary technical objective near $2,900. As long as ETH holds above $2,385, bullish momentum remains favored.
Bigger-picture technical setup
- MarketMaestro has been arguing that we may be witnessing an Ethereum bottom that coincides with a Bitcoin top. Their read: ETH is forming an inverse Head and Shoulders inside a larger triangle reaccumulation zone and is currently traversing the second region of the head — a critical floor-setting phase.
- A pronounced positive divergence on the RSI backs this view and supports the idea that $1,876 marked this cycle’s low. With RSI and price action aligned, the bottoming process looks close to confirmed by technical standards. MarketMaestro sees the formation of a right shoulder as a likely “last entry” opportunity before the pattern resolves.
What to watch next
- Key levels: support now at $2,385 (must hold for the bullish case) and the measured target around $2,900. The $1,876 area remains the cycle floor identified by RSI divergence.
- If the triangle reaccumulation breaks to the upside, analysts expect the story to shift toward a stronger, more aggressive rally — potentially marking the end of bottoming and the start of a new upward trend.
Bottom line: technical signals are aligning in favor of bulls, but confirmation will hinge on ETH holding recent support and the eventual resolution of the larger triangle pattern.
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