Ethereum (ETH) Price Outlook: Potential Breakout Near $3,650 Amid Bullish Divergence and Ascending Triangle Pattern
Brave New Coin
Ethereum shows bullish divergence and an ascending triangle pattern, suggesting a potential breakout toward $3,650 if support near $3,100 holds.Summary
Ethereum (ETH) is being watched for a potential breakout near $3,650, despite recent market volatility, as analysts point to strong support between $3,000 and $3,100.
The price action is forming an ascending triangle pattern, historically associated with upward breakouts, and the daily RSI shows bullish divergence, indicating potential recovery.
Key technical levels include maintaining support above $3,472.96 (M-Signal Level) and breaking the resistance zone of $3,200–$3,350 to target $3,650, though traders are cautioned that historical patterns are not guarantees.
(Source：Brave New Coin)