Ethereum’s Reversal Signal Hints at Potential Rally Towards $2,700

Recent technical analysis suggests that Ethereum may be poised for a short-term rally. Its monthly chart reveals a significant reversal pattern, signaling the end of the downtrend and potentially opening up an opportunity for buyers to enter the market. Analysts estimate the price target could reach between $2,500 and $2,700. Ethereum’s price structure suggests that it may be breaking out from a prolonged period of decline.