Is Ethereum Poised For a Bullish Rally? Technical Analysis Suggests Possible Continuation

Ethereum has experienced significant growth this quarter, exceeding expectations to climb over 45% in Q2 and reaching a recent high of $2,700. This surge follows a strong performance across the cryptocurrency market, with analysts attributing ETH’s rise to expanding DeFi applications and increasing institutional investment. Now, an intriguing technical pattern from 2017 is suggesting a potential bullish continuation for Ethereum.