Is Ethereum Poised For a Breakout? Technical Signs Suggest Strong Bullish Momentum

Ethereum (ETH) has experienced a notable dip in recent days, losing 14% over the past week. Despite this decline, analysts are highlighting the potential for an upward shift, arguing that this pullback may be a necessary precursor to a larger rally. ETH is currently trading around $3,390, having gained 2% in the last 24 hours. Technical indicators suggest a bullish setup as long-term chart structures and liquidation setups support a possible continuation.