ETH: Pattern After Pattern — Bulls Preparing for Continuation

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ETH: Pattern After Pattern — Bulls Preparing for Continuation

On November 21, 2025, Ethereum tested a very old support area near the 2623 level, where it also had a strong upward momentum.

From the chart, we can see that over the past 5 days, Ethereum started to rally and completed 2 bullish patterns so far, but slowly progressing upwards.

Currently, ETH is rallying again after a "Contracting Triangle Pattern" and a bullish "Megaphone" pattern.

The new pattern seems to be bullish again, however, ETH should respect the new pattern.

If the price moves above the pattern again, it should start another upward move as shown in the chart.

Main targets:
3055
3160
3235

You may find more details in the chart!
Thank you and Good Luck!

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Since yesterday evening, ETH has risen from 2910 to 3070. The price has already reached our first target. Since today is Thanksgiving, most markets are quiet and are facing low volume.

This pushes ETH down again for a correction. If the current support area remains strong, ETH should resume the upward movement with targets as shown in the chart.

With the current data, ETH remains bullish.