Double Top pattern is flashing warning signals. Is ETH heading toward $1,650 or preparing for another rally?
Ethereum’s Powerful Comeback
ETH bounced from $1,400 to record highs in just months. Network upgrades and strong fundamentals fueled the recovery.
Lower gas fees Faster transactions Better Layer-2 performance
Another major upgrade improved internal efficiency. This keeps Ethereum attractive for DeFi, RWAs & institutions.
Global macro uncertainty & trade tensions triggered heavy selling. Profit booking near highs pushed ETH into correction mode.
68%+ DeFi market share $68B TVL Leader in Real-World Assets
ETH formed a double top near $4,000.
RSI breakdown confirms bearish pressure building.
ETH slipped below the 100-week EMA 35–40% drops.
Fed rate cuts support risk assets A move toward $3,900 is possible if momentum holds.
Final stop
Below $2,800 = bearish continuation Above $4,000 = path toward $5,000
ETH remains strong long-term But volatility is guaranteed.