Analyst Master Ananda predicts a significant bullish move for Ethereum, citing a breakout pattern on the long-term weekly chart.
ETH has shown higher lows since November 2021 within a descending triangle, suggesting increasing pressure from bulls.
Ananda highlights April 2025 as a key turning point for ETH, pointing to a rounded bottom formation and reclaiming the $2,425 support level.
The analyst sees potential key levels at $3,068 and the $3,800–$4,000 range, with a target set at the 1.618 Fibonacci extension and believes Ethereum could see further gains driven by strong fundamentals.