#AltcoinsSeeSharpPullback

Ethereum’s Year-Long Pattern Broken: What Is the Latest Warning on the Chart?

Ethereum has achieved something it hadn't managed since its record high in August 2025!

For the first time in over a year, ETH has hit a new high. It also succeeded in breaking past the resistance zone that had repeatedly halted its upward momentum in the past. So, what does this development mean for the price of Ethereum? Is the $3,000 level out of reach for this cycle?

Ethereum Picks Up Where It Left Off!

Ethereum has returned to its long-term logarithmic regression band—a tool used to gauge its position relative to historical trends.

At least in this cycle, I don't have to wait for ETH to "come home," because it is already there.

I favor a staggered buying strategy for the second half of the US midterm election year, though I remain cautious about a potential new market shock in the final quarter.

Meanwhile, corporations continue to accumulate ETH in their treasuries.

The Weekly Chart Changes the Game

Ethereum had reached approximately $4,957 in August 2025. In all subsequent major rallies, a "lower high" pattern had consistently formed.

However, that chain has now been broken. ETH tested the $2,807 level this week. The $2,438 band—previously a zone of stiff resistance—has now turned into support. The weekly Relative Strength Index (RSI) has climbed to 64. Breaking above $2,920 could open the door to a move toward $3,400.

But the Daily Chart Is Sending a Warning! The issue here lies with momentum. While ETH continues to reach successive higher highs, the daily RSI is forming lower highs. Traders call this a "bearish divergence," which typically signals that the rally is beginning to lose steam.

Trading volume is also declining.

The most critical level right now is the $2,440 zone. If this level holds, the bullish scenario remains intact; however, if it breaks, the $1,950–$2,000 range could come back into play.
‍$ETH $USUAL $ERA $LRN