- Ethereum’s historical breakout patterns suggest a bullish move as it consolidates within a key support zone.
- ETH’s RSI has reached extreme lows, historically triggering strong multi-week rallies and signaling a potential rebound.
- Past consolidation phases led to massive Ethereum price surges, hinting at another breakout after recent market corrections.
According to Javon Marks, Ethereum (ETH) historical patterns signal a potential breakout. He observed that each previous breakout resulted in massive price surges. Currently, ETH appears to be forming another consolidation phase, suggesting a possible bullish run ahead.
Ethereum’s price history as per the analyst showcases three consolidation patterns. The first occurred in its early years, forming a symmetrical triangle before breaking out and setting new highs. Between 2018 and 2020, a second falling triangle with lower highs and a steady support level appeared. Ethereum eventually overcame barriers to start a powerful surge that reached new all-time highs.
Most recently, there was an ascending triangle during 2022 and 2023. The price moved within a tightening range prior to the breakout. ETH then went into a steady uptrend but met resistance, creating a pullback. Despite this correction, the general trend remains. Historical Patterns show Ethereum recovering after extended corrections, resuming its long-term growth trajectory.
Ethereum’s RSI Signals a Possible Rally
Crypto Patel highlights another crucial indicator: Ethereum’s Relative Strength Index (RSI) has reached extreme lows. Historically, this has triggered major multi-week rallies. The RSI has only hit this level three times in Ethereum’s history, each time followed by price recoveries.
Ethereum’s price also had a trend of hitting support before moving upwards. In the past, in 2019 and 2022, this RSI level was also responsible for the very strong bullish trends. Now, in 2025, the RSI is at this historically low level once again, indicating an impending reversal.
A key support zone aligns with previous market reactions, marked by multiple retests. Ethereum recently reached this zone, increasing the probability of another upward move. Additionally, the RSI’s oversold condition further supports the likelihood of a strong price rebound.
