- Ethereum price formed a breakout above $2,790 with a similar structure to its 2024 bullish weekly run.
- The current pattern suggests a move from $2,500 toward $3,400 if support holds above key trendlines.
- Weekly candles show strength as Ethereum maintains position above both the 50 and 200-week moving averages.
Ethereum reached $2,792.5 on June 11, 2025, marking a 0.86% dip after testing key resistance near the $2,800 level. The current setup shows a bullish pattern formation on the weekly chart, signaling a potential push toward $3,400.
The chart, published on TradingView by MikyEdge, highlights a clean structure with Ethereum bouncing from the $1,550 zone earlier in 2025. The blue ellipse illustrates the expected upside movement, matching a similar breakout from late 2024 that led to highs above $3,800.
This setup mirrors an earlier consolidation between August and November 2024, followed by a sharp breakout that delivered strong weekly gains. Ethereum now trades above both the red 200-week and blue 50-week moving averages, typically viewed as bullish confirmation levels.
Breakout Pattern Mirrors Previous Bullish Structure
A rectangular box shows the base of the current move, similar to the structure formed in 2024 between $1,700 and $2,300. That earlier box was followed by a breakout that took ETH close to $4,000 before a strong correction set in by January 2025.
Now, Ethereum is repeating the structure, again breaking above trendline resistance marked with dotted red lines. The price has cleared the zone between $2,600 and $2,750, with a potential to revisit previous highs.
Candlestick movement on the current chart shows consecutive weekly gains. Most candles in the recent rally have long bodies, suggesting aggressive buying. The upward angle of both moving averages shows steady recovery momentum from the low of $1,550.
The previous recovery also began after a strong correction. That cycle ended in a breakout just above the 50-week average. This pattern now appears in motion again. Ethereum follows the same track, now moving upward with controlled volatility.
With the base now forming around the 200-week average near $2,500, bulls have a visible zone to hold support. As price remains above this mark, upside projection toward $3,400 remains technically valid. This mirrors the earlier pattern with near-similar scale and duration.
Is Ethereum’s Technical Setup Enough to Break $3,400?
The current blue-shaded area on the chart marks a potential target range near $3,200 to $3,400. This range overlaps with previous swing highs from 2024. Price momentum into this zone will likely face increased selling activity.
The 50-week moving average now acts as dynamic support just below the $2,800 line. This places Ethereum in a strong position if bulls maintain volume and weekly closes above it. Weekly chart structure shows low-wick candles, signaling fewer downward rejections.
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