- Ethereum’s Adam and Eve pattern on ETH/BTC hints at a bullish breakout, with resistance at 0.03 BTC as a key level to watch.
- Against USDT, Ethereum formed a second falling wedge, signaling a reversal after finding strong support near $1,750.
- If ETH holds above $2,093, it may soon challenge $3,000, with resistance at $2,349 and $2,929 shaping its next moves
According to Crypto Analyst, Ethereum is showing bullish strength against Bitcoin, forming a classic Adam and Eve pattern on its long-term chart. The ETH/BTC pair has climbed 3.06%, currently trading at 0.02356 BTC. A confirmed breakout could send Ethereum soaring toward 0.0019 BTC per ETH.
The sharp decline that formed Adam’s bottom, followed by a rounded recovery shaped the Eve phase. The historical trend confirms this structure, dating back to 2018. Ethereum initially plummeted before rebounding near 2020, then dipped again, forming a broader bottom.
Now, the price is rising steadily, testing the crucial resistance at 0.03 BTC. A breakout above this resistance level leads to an uptrend. Besides, the long-term trajectory supports continued upward movement. The breakout arrow indicates a potential rally in the coming months.
Ethereum vs. Tether: Breakout Signals Strength
Meanwhile, Ethereum’s price action against Tether (USDT) also suggests strong bullish momentum. The daily timeframe chart highlights two falling wedges. The first wedge formed in mid-2024, resulting in a breakout that pushed Ethereum past $4,000. However, a head-and-shoulders pattern at the peak triggered a bearish reversal.
A sharp decline followed, leading to another falling wedge. This time, support formed around $1,750, indicating a potential bottom. A rounding bottom pattern emerged, signaling a momentum shift. Ethereum recently broke out of this structure, confirming a bullish reversal.
Key resistance levels stand at $2,349 and $2,929. Ethereum’s price, now at $2,093, has jumped 4.35% in a day. If the breakout holds, Ethereum could challenge $3,000 soon. A brief retest of support is possible before further gains unfold.
Although volume indicators are absent from the chart, price action supports a bullish bias. Historical breakouts led to strong rallies, reinforcing positive sentiment. The market structure aligns with previous uptrends, suggesting further recovery.
