Ethereum’s Potential Rally: Historical Patterns Signal Bullish Trend After Local Top

Recent data shows Ethereum (ETH) breaking through a historical four-step price pattern, indicating possible bullish continuation after forming a local top. The pattern, observed multiple times since 2017, suggests that ETH/BTC’s next move may be a significant rally. 2019 and 2020 bear market cycles saw similar patterns that ultimately led to a substantial price surge. This cycle is no exception. The recent shift from red to green in the Gaussian Channel, often an early signal of bullish momentum, confirms this potential rally. However, confirmation requires remaining above the Gaussian channel after the anticipated pullback stage.