The monthly chart of Ethereum has formed a Morning Star candlestick pattern, which historically signals a strong upward move.
Analysts emphasize the importance of defending key prices, particularly the BTC pair price level, for Ethereum's growth to continue.
Ethereum's technical signs and other indicators, influenced by major macroeconomic factors, suggest a potential significant rise in its value.
The Morning Star pattern on Ethereum's monthly chart is viewed as a significant reversal signal, hinting at a potential rally in the near future, as noted by analysts.