Technical Outlook Shows Bullish Setup for ETH

[ed]

Ether may be forming an Adam and Eve bottom on the four-hour chart, a classic bullish reversal pattern. The “Adam” is a sharp V-shaped low followed by a slower, rounded “Eve” base, reflecting rapid selling followed by gradual accumulation.

If ETH breaks above the $2,150 neckline, it could target $2,473–$2,634, with key short-term support around $1,909. Open interest is $11.2B with leverage still elevated at 0.7, suggesting potential for a sharp move as traders react to these levels. With $2 billion in short positions above $2,200, upside squeezes could fuel a strong rally.

[etfs]

short squeeze incoming if eth breaks 2150, gonna be fun to watch