Ether’s Chart Resembles a Formation That Preceded Bitcoin’s All-Time High.

Ethereum has been signaling strong bullish potential for its native token, ether (ETH), as recent price action aligns with patterns that previously predicted bitcoin’s (BTC) record-setting surge.

On ether’s three-line break chart—a technical tool that strips away market noise—an eight-month downtrend of lower highs and lows has finally reversed, confirming a resumption of the uptrend that began in October 2023 near $1,500.

This kind of breakout often sparks a wave of buying pressure, luring new investors and forcing bearish traders to exit their positions, potentially amplifying upward momentum.

Bitcoin underwent a similar pattern in mid-October, which heralded its rally past $73,000 to fresh highs. BTC has since gained 45%, trading above $96,000, per data from CoinDesk and TradingView.

While historical patterns like these provide valuable insight, external factors can ultimately dictate market movements.