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Ethereum is showing early signs of a potential trend reversal as bullish momentum builds and key resistance levels appear to be giving way. With market structure improving and confidence returning, a $2,900 target is again being highlighted as a next milestone for price expansion.
Analyst Ali Charts said Ethereum has reached a pivotal turning point after clearing the horizontal X-axis of a long-standing ascending triangle pattern. The move was described as a decisive breakthrough of the $2,385 resistance level, shifting Ethereum from consolidation toward a confirmed expansionary period.
Ali Charts added that flipping $2,385 into a foundational support floor has helped neutralize recent bearish sell signals. The analysis suggests that the prior overhead supply has been absorbed, potentially reducing friction for further upward movement. The technical objective for the formation is set at $2,900.
MarketMaestro reiterated a broader thesis that a Bitcoin top may coincide with an Ethereum bottom. In that view, an inverse Head and Shoulders pattern is developing within a larger triangle reaccumulation zone, with Ethereum currently navigating the second region of the head structure—framed as a phase for setting a critical floor.
The $2,900 target is also presented as being derived from the measured move of the ascending triangle. The bullish outlook is tied to Ethereum holding above the critical $2,385 support level, which the analysis says would keep momentum in favor of further gains toward the high-$2,900 range.

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