{"id":22300,"date":"2025-11-24T13:59:28","date_gmt":"2025-11-24T13:59:28","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=22300"},"modified":"2025-11-24T13:59:30","modified_gmt":"2025-11-24T13:59:30","slug":"why-ethereum-eth-is-set-to-skyrocket-this-week","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/why-ethereum-eth-is-set-to-skyrocket-this-week\/","title":{"rendered":"Why Ethereum (ETH) is set to skyrocket this week ?"},"content":{"rendered":"\n

A Bearish ABC Harmonic Pattern Is Forming on the Weekly Chart<\/h2>\n\n\n\n

The weekly chart of Ethereum<\/a><\/strong> currently reveals a particularly interesting technical configuration: a potential bearish ABC harmonic pattern. This classic technical analysis structure typically identifies reversal zones favorable to a significant bullish move<\/strong> during the formation of the CD leg.<\/p>\n\n\n\n

\"table<\/figure>\n\n\n\n

The construction of this pattern began at Point A, positioned near $2,188.98. ETH then initiated a vigorous bullish impulse<\/strong> up to Point B, before triggering a sharp correction that brought it down to Point C at $2,624.88. This low level now constitutes a critical support for the validity of the setup. The bullish reaction observed from this floor, with a rapid bounce above $2,875, reinforces the hypothesis of a CD leg currently forming.<\/p>\n\n\n\n

\"ethereum<\/figure>\n\n\n\n

The key technical element remains the 100-week moving average, currently positioned at $3,053. A confirmed weekly close above this MA would constitute a powerful technical signal<\/strong> to validate the return of a structural bullish dynamic<\/strong>. The buying volumes observed during the bounce from $2,624 suggest that institutional buyers are actively defending this zone.<\/p>\n\n\n\n

Target at $5,391: Realistic or Too Optimistic for Ethereum?<\/h2>\n\n\n\n

If the harmonic scenario fully materializes, the Potential Reversal Zone (PRZ) calculated via the Fibonacci extension 1.187 places the final target of the pattern near $5,391.87. This represents an upside potential of approximately 86%<\/strong> from current levels, a move perfectly consistent with the characteristics of harmonic patterns on long timeframes.<\/p>\n\n\n\n

For this scenario to unfold, several technical conditions must be met. First, the support at $2,624.88<\/strong> must absolutely not be broken on a weekly close. Second, ETH must maintain its price above the 100-week MA and ideally transform this level into support. Volumes must also accompany the progression to confirm the strength of the move<\/strong>.<\/p>\n\n\n\n

Experienced traders are also monitoring intermediate levels, particularly the psychological resistance of $3,500<\/strong> and the former consolidation zone around $4,000. These areas could generate temporary profit-taking before continuation toward the final target. Caution remains warranted: a violent rejection below $2,624 would completely invalidate this harmonic structure and open the door to a deeper correction<\/strong>, potentially toward $2,200.<\/p>\n\n\n\n

Do Fundamental Factors Support This Technical Scenario?<\/h2>\n\n\n\n

Beyond chart analysis, several fundamental elements could catalyze this Ethereum rebound<\/strong>. The approach of the network’s next upgrade and the constant increase in institutional staking<\/a> reinforce the medium-term bullish narrative<\/strong>. Inflows into spot Ethereum<\/a> ETFs in the United States also show signs of progressive accumulation<\/strong>.<\/p>\n\n\n\n

The macroeconomic context also plays a crucial role. Ethereum’s current correlation with U.S. equity indices and Bitcoin<\/a> strongly influences its short-term volatility<\/strong>. Stabilization of traditional markets could unlock the bullish potential identified by the harmonic pattern. Professional traders are already positioning their stops below Point C to limit risk while targeting the PRZ.<\/p>\n\n\n\n

The timeframe for this structure typically extends over several weeks. The upcoming weekly closes will be decisive to confirm or invalidate this scenario<\/strong>. Momentum indicators like the weekly RSI currently show a bullish divergence<\/strong>, reinforcing the hypothesis of an imminent technical rebound.<\/p>\n\n\n\n

\n
Claim Your 1,000 USDT Bonus and Test Your Free Bots in 3 Clicks<\/a><\/div>\n<\/div>\n\n\n\n

Related Articles:<\/strong><\/p>\n\n\n\n