Ethereum (ETH) is showing early signs of entering a possible expansion phase as it nears a key technical level. With ETH recently testing the $4,250 resistance zone, analysts are monitoring market behavior for a breakout and confirmation above this price level.
On-chain metrics, technical patterns, and investor behavior are aligning to suggest a potential continuation in Ethereum’s price trend.
Power-of-3 Pattern Nearing Expansion Phase
Ethereum is trading just below $4,200 after gaining over 2% in the past 24 hours. Technical analysts have identified a Power-of-3 (PO3) pattern forming on the 12-hour chart. This structure involves three stages — accumulation, manipulation, and expansion.
According to analyst BitBull, Ethereum has completed the accumulation and manipulation phases. The accumulation range was between $3,570 and $4,050. This period showed sideways movement with low volatility. The manipulation stage followed, where price dipped below $3,670, triggering liquidity grabs
We współpracy z: https://cryptopotato.com/ethereum-forms-bullish-pattern-breakout-toward-5k-could-be-next/
