Ethereum has faced bearish movements in the crypto market but a key Morning Star Candlestick pattern suggests a potential rally.
Crypto Bullet, a technical analyst, predicts a possible rebound for Ethereum as it closed May on a bullish note and formed a Morning Star Candlestick formation.
The Morning Star pattern indicates a shift from a bearish to a bullish trend, hinting at a positive run for Ethereum despite current market conditions.
ETH broke past $2,500, considered a key resistance level, with expectations of reaching $3,300 soon according to Crypto Bullet's analysis.