The price has formed a bullish double bottom pattern. If price action breaks above the resistance, it can easily reach $4,000.
The double bottom pattern is a classic technical analysis chart formation that signals a potential bullish reversal of a preceding downtrend. It typically resembles the letter "W" on a price chart and indicates that selling pressure is likely exhausted at a strong support level.
ETHUSDT
Perp
3,115.31
+0.37%