Ethereum’s Price Approaches a Turning Point as Traders Spot Parallels with Bitcoin’s 2024 Fractal

Ethereum is standing at the precipice of a significant price shift, according to leading traders who draw parallels between its current chart structure and the pre-breakout patterns seen in Bitcoin this year. Multiple analysts point out that Ethereum has been trapped within a range-bound period for weeks, with both support and resistance levels repeatedly tested without yielding decisive breakouts.