Ethereum (ETH) Showing Signs of Bullish Reversal
Date: Tue, Nov 04, 2025 | 06:30 AM GMT
The cryptocurrency market remains volatile, with nearly 2% wiped off the total market capitalization today. Both Bitcoin (BTC) and Ethereum (ETH) experienced sharp declines, leading to over $1.37 billion in liquidations, of which $1.23 billion came from long positions.
Fractal Pattern Suggests Potential Ethereum Rally
Despite ETH dropping over 5% today, its price chart reveals a notable fractal pattern resembling Bitcoin's setup before its major breakout rally in late 2024. This emerging pattern hints at a possible bullish reversal for Ethereum.
Bitcoin's 2024 Fractal Breakout
Bitcoin formed a descending triangle during mid-2024, repeatedly testing its support zone. After retests, BTC rebounded, surpassed its 100-day moving average, and surged by more than 104%, marking a significant trend reversal.
Ethereum’s Current Price Structure
Ethereum appears to be following a similar trajectory. The recent correction has brought ETH back to a crucial support range between $3,530 and $3,360, mirroring the zone where Bitcoin found its bottom before breaking out.
"Ethereum might be gearing up for a major bullish reversal."
This pattern suggests that Ethereum could be preparing for a strong upward movement if the setup continues to develop.
Author's summary: Ethereum’s price action mirrors Bitcoin’s 2024 breakout pattern, indicating a potential bullish reversal as ETH tests critical support levels.