Ethereum Poised for Potential Bullish Breakout as “Hidden Bull” Patterns Indicate Strength

• Ethereum’s hidden bull divergence pattern signals underlying strength, indicating a potential bullish momentum ahead.
• The alignment between Ethereum’s price action and RSI higher lows confirms sustained positive momentum.
• If support levels hold, Ethereum could potentially reach the $4,800 target by early 2025, driven by strong upward trends.

Ethereum (ETH) may be preparing for a significant bullish breakout, with technical indicators signaling possible upward momentum. Analysts have pointed to Ethereum’s recent price movements, showing signs of resilience and accumulation despite minor dips. 

This setup could allow Ethereum to reach targets as high as $4,800, potentially marking a notable rally into early 2025. Technical analysis on Coinbase highlights a “Hidden Bull” divergence pattern, indicating strength beneath recent consolidations.

On Coinbase’s trading charts, Ethereum has exhibited a “Hidden Bull” divergence pattern—an indicator often associated with upward momentum despite current consolidation. Green arrows on the chart pinpoint two critical points where this divergence appears, suggesting an underlying strength in the market despite any recent declines.

Source: Javon Marks

These divergences are characterized by higher lows in the RSI (Relative Strength Index) while Ethereum’s price action experiences minor retracements, a combination that historically signals buying interest and bullish momentum.

Ethereum’s price action has shown consistent support at key retracement levels, forming a series of higher lows. This pattern may suggest that investors accumulate Ethereum, creating a support base despite occasional downward price movements. 

Horizontal resistance levels have also been highlighted on the chart, with each peak slightly surpassing the previous one, reinforcing the possibility of a sustained upward trajectory.

Adding to the bullish outlook, the RSI at the bottom of the chart shows similar “Hidden Bull” divergence points, aligning with those on the price chart. This alignment between price divergence and RSI patterns generally indicates strong buyer interest as momentum leans toward a price rally. 

RSI higher lows during price consolidation imply that Ethereum’s momentum remains positive despite periodic corrections, further affirming the potential for a sustained upward move.

Source: Javon Marks

Ethereum’s breakout could lead to a push towards $4,080 and beyond, with bullish projections eyeing the $4,800 level. With the RSI and divergence patterns supporting this trajectory, Ethereum may be positioned for a steady rally if support levels are maintained. 

Market analysts anticipate that, should this setup continue, Ethereum might achieve these targets within the coming months, signaling a robust upward phase that could potentially extend into 2025.

The current analysis, shared by @Javontm1, suggests that Ethereum’s rally could reach higher resistance zones, marking an optimistic path forward if the asset can hold its momentum. 

While price movement remains contingent on broader market factors, Ethereum’s technical indicators present a compelling case for continued bullish behavior, positioning it for significant growth.