- Ethereum price is forming a rounding bottom pattern, hinting at a 31% breakout.
- ETH needs to produce a decisive close above its all-time high at $4,387 to confirm an uptrend’s start.
- A breakdown of the $3,746 support level will invalidate the technical formation’s bullish thesis.
Ethereum price has breached a crucial level, indicating the start of a run-up to new all-time highs. However, ETH is consolidating, gathering steam for the next leg that propels it…