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Ethereum (ETH) to Bounce Back — This Key Emerging Pattern Formation Suggest So!

Ethereum (ETH) to Bounce Back — This Key Emerging Pattern Formation Suggest So!

CoinsProbeCoinsProbe2025/11/24 09:51
By:Nilesh Hembade

Date: Mon, Nov 24, 2025 | 05:25 AM GMT

The cryptocurrency market is starting the week with a sense of relief after last week’s turbulence, which dragged Ethereum (ETH) down to a low of $2624 before recovering above $2875. Despite recent volatility, ETH’s weekly chart is now hinting at a potentially powerful recovery setup driven by a developing harmonic structure.

Ethereum (ETH) to Bounce Back — This Key Emerging Pattern Formation Suggest So! image 0 Source: Coinmarketcap

Harmonic Pattern Hints at Potential Bounce

On the weekly timeframe, Ethereum appears to be forming a potential Bearish ABCD harmonic pattern. This classical structure generally indicates a strong upside movement during the CD leg—typically where price accelerates until reaching the final reversal area known as the Potential Reversal Zone.

The pattern formation started at Point A near $2188.98, followed by a significant rally to Point B. After that, ETH entered a steep correction phase into Point C at $2624.88. This C-leg is proving meaningful, as early buying pressure has already pushed price back above $2875. This level now acts as a critical structural support, reinforcing the idea that ETH may be beginning its CD-leg advance.

Ethereum (ETH) to Bounce Back — This Key Emerging Pattern Formation Suggest So! image 1 Ethereum (ETH) Weekly Chart/Coinsprobe (Source: Tradingview)

Another key technical factor supporting this outlook is the reclaim attempt above the 100-week moving average, currently sitting at $3053. Holding and closing above this level may serve as a strong signal that bullish momentum is returning.

What’s Next for ETH?

If buyers continue defending the $2624.88 support and ETH sustains movement above the 100-week MA, the next major objective lies near the Potential Reversal Zone aligned with the 1.187 Fibonacci extension. The projected completion area of the harmonic pattern sits near approximately $5391.87, which represents nearly an 86% potential upside from current price levels.

However, traders should remain cautious. A breakdown below $2624.88 would compromise the harmonic structure and potentially trigger deeper retracement before any meaningful bullish recovery occurs. Market participants will be closely watching weekly closes and reaction zones to gauge direction.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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