Ethereum Charts Suggest Potential Bull Market Re-ignition

Ethereum prices show signs of a potential bullish rally, with the asset consolidating near $3,200 and $3,300 after a recent 5.2% surge. Increased trading volume and whale transactions suggest growing institutional interest in the cryptocurrency. This pattern mirrors the one seen leading up to Ethereum’s 2017 price rally. Merlijn the Trader highlighted this retest of its parabolic support zone on social media. The current pattern is nearly a mirror image of that setup, which triggered a surge from early 2017.