Ethereum
Long
Updated

Ethereum Price Forecast: Bullish Reversal Pattern Targets $2,700

159
Chart Overview

Timeframe: 45-minute

Instrument: ETH/USD (OANDA)

Price at Analysis: $2,474.82

Date of Chart: June 26, 2025



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📊 Pattern Analysis

1. Rounded Top (Bearish Phase)

Timeframe: Roughly June 8–14

Shape: Large rounded top (highlighted in blue)

Interpretation: This typically signals exhaustion in bullish momentum, which was followed by a drop in price.

Price Reaction: Significant decline after the peak near $2,900.


2. Sideways Range/Consolidation

Timeframe: June 16–21

Highlighted Box: Orange rectangle

Interpretation: A period of indecision before the next move, eventually leading to a breakdown.


3. Rounded Bottom (Bullish Reversal)

Timeframe: June 21–25

Shape: Cup-like formation highlighted in yellow

Interpretation: Suggests potential bullish reversal. The price bounced from the support zone (green band near $2,200).



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🔍 Key Levels

Level Type Price Range Notes

Support $2,200–$2,250 Historical buy zone (green shaded area)
Resistance ~$2,900 Previous high and key psychological level
Target ~$2,700 Highlighted with label "Target"



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🔄 Price Action & Prediction

The chart suggests a bullish projection with a zigzag-style recovery:

Expected minor retracement around $2,500–$2,550

Gradual climb toward $2,700

Final leg up marked as the “Target”



This forecast is visualized with a dotted blue path showing higher lows and higher highs—a classic bullish structure.


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⚠ Risk Considerations

Rejection at $2,500–$2,550: May delay the bullish push.

Break below $2,300: Would invalidate the rounded bottom setup and suggest bearish continuation.

Macro Events: The presence of calendar icons (likely U.S. economic data) can cause volatility.
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