Ethereum is approaching a critical moment as multiple bullish signals begin to 
align. A clear Inverse Head &amp; Shoulders formation, combined with rising 
accumulation and weakening trend rejection, suggests that the market may be 
gearing up for a powerful upside move. With momentum tightening and key levels 
coming into focus, ETH now stands on the verge of a breakout that could set 
the stage for its next major rally. Inverse Head And Shoulders Signals Brewing 
Momentum According to a recent update shared by crypto analyst Donald Dean, 
Ethereum may be gearing up for a significant move. He highlighted the 
development of a potential inverse head and shoulders pattern, a classic 
bullish reversal formation that often precedes strong upward momentum. This 
emerging structure suggests that ETH could soon shift into a more aggressive 
bullish phase if confirmed. Related Reading: Ethereum Rockets Higher, 
Narrowing Distance to a Make-or-Break Resistance Line Dean also pointed out 
that the weekly chart is showing solid support near the 50% Fibonacci 
retracement level, positioned around $2,750. Adding to the bullish signals, a 
hammer candle has appeared on the weekly timeframe, hinting at buying pressure 
stepping back in after recent downside movement. If the pattern plays out, 
Dean noted that Ethereum’s first major target lies at $4,109, a level that 
would allow ETH to challenge previous resistance/support zones. Reclaiming 
this region would mark a meaningful shift in momentum and strengthen the 
bullish outlook for the asset. Beyond that, the next upside target sits near 
$5,766, which aligns closely with the 1.618 Golden Ratio extension calculated 
at approximately $5,793.51. Dean described this confluence as particularly 
noteworthy, suggesting that if Ethereum breaks above its nearer targets, a 
larger rally toward this golden-ratio level becomes a realistic possibility. 
Growing Accumulation Suggests Bulls Are Preparing For Action In an earlier 
analysis, LSTRADER reminded followers of the impressive move from $1,600 to 
$4,800, noting that this surge had been identified in advance through both the 
ETH chart and the ETH/BTC setup. The analysis captured the momentum shift that 
preceded the rally, reinforcing the value of tracking key structural signals. 
Related Reading: Ethereum Open Interest Cut In Half As $6.4B In Positions 
Vanish: Market Reset Accelerates In the current market structure, LSTRADER 
noted that the chart clearly shows multiple instances where the trend faced 
rejection. Despite these rejections, the trend is steadily losing strength 
while accumulation continues to build, a combination that typically reflects 
growing bullish interest and the potential for an upward breakout. However, 
LSTRADER stressed that no major move should be assumed until the trendline 
itself is broken, and confirmation is still required. For now, patience is key 
as traders continue monitoring the structure and waiting for a decisive shift 
in trend direction. Featured image from Freepik, chart from Tradingview.com

Ethereum Coils For A Breakout As IH&S + Heavy Accumulation Emerges

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significant consumer risks. Connecticut Orders Unlicensed Gambling Platforms 
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Aster&#8217;s token burn and airdrop strategy could enhance scarcity and long-term 
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appeared first on Crypto Briefing.

Aster burns 77.8M tokens and moves 77.8M to locked airdrop wallet

Bitcoin price started a fresh increase above $92,500. BTC is now consolidating 
gains and might attempt an upside break above $93,500. Bitcoin started a fresh 
increase above the $92,500 zone. The price is trading above $92,000 and the 
100 hourly Simple moving average. There was a break below a bullish trend line 
with support at $93,000 on the hourly chart of the BTC/USD pair (data feed 
from Kraken). The pair might continue to move up if it settles above the 
$93,000 zone. Bitcoin Price Faces Resistance Bitcoin price managed to stay 
above the $90,000 zone and started a fresh increase. BTC gained strength for a 
move above the $90,500 and $91,500 levels. There was a clear move above the 
$93,000 resistance. A high was formed at $94,050 and the price is now 
consolidating gains. There was a minor drop to test the 23.6% Fib retracement 
level of the upward move from the $83,870 swing low to the $94,050 high. There 
was a break below a bullish trend line with support at $93,000 on the hourly 
chart of the BTC/USD pair. Bitcoin is now trading above $92,000 and the 100 
hourly Simple moving average. If the bulls remain in action, the price could 
attempt another increase. Immediate resistance is near the $92,800 level. The 
first key resistance is near the $93,000 level. The next resistance could be 
$94,000. A close above the $94,000 resistance might send the price further 
higher. In the stated case, the price could rise and test the $95,000 
resistance. Any more gains might send the price toward the $95,500 level. The 
next barrier for the bulls could be $96,200 and $96,450. Downside Break In 
BTC? If Bitcoin fails to rise above the $94,000 resistance zone, it could 
start another decline. Immediate support is near the $91,650 level. The first 
major support is near the $90,500 level. The next support is now near the 
$88,950 zone or the 50% Fib retracement level of the upward move from the 
$83,870 swing low to the $94,050 high. Any more losses might send the price 
toward the $87,750 support in the near term. The main support sits at $87,200, 
below which BTC might accelerate lower in the near term. Technical indicators: 
Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI 
(Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. 
Major Support Levels – $91,650, followed by $90,500. Major Resistance Levels – 
$93,000 and $94,000.

Cryptocurrency price in CLP