<ul><li>The Ethereum price has formed a megaphone bottom not seen since 2020, indicating a bullish outlook.</li><li>Ethereum is currently on the first week of a rebound after recording three consecutive red weeks.</li><li>Crypto analysts predict that the Ethereum price could test the 1.5 Fibonacci extension at $6,000 and potentially rally to $8,000.</li><li>Bullish fundamentals, including declining exchange reserves and active accumulation by whales, support a potential reversal and new highs for Ethereum.</li></ul>

Ethereum Price Forms Megaphone Bottom Not Seen Since 2020, Here’s What Happened Last Time

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