Ethereum (ETH) Drops Today, But Could Reach $5.500 With Adam & Eve Pattern
Ethereum (ETH) is traded this Monday (14) at US$ 4.617,18, registering a drop of 2% in the last 24 hours, but still accumulates a up 7% in the week, reinforcing optimism among analysts and investors.
Despite the daily correction, the weekly trajectory demonstrates buying strength, supported by increased liquidity in the altcoin market and the expectation of new macroeconomic catalysts. According to the analysis of Titan of Crypto (@Washigorira), ETH is very close to completing the formation of a chart pattern known as Adam & Eve, a reversal structure that, if confirmed, could propel the price towards a new all-time high.
The expert highlighted:
Ethereum's Adam & Eve pattern #ETH is close to completing its formation. A breakout could take it to $5.500.🟢
This break, according to the technical reading, would open space for Ethereum to seek the region of US$ 5.500, a level that would represent not only a new ATH (All-Time High), but also the consolidation of a medium-term bullish trend.
In this article, we will discuss:
- Market context
- Ethereum (ETH) Next Levels
Market context
The positive sentiment around ETH is also supported by factors such as:
- rollups and layers 2, which continue to attract developers and liquidity;
- the growing integration of Ethereum in Decentralized Finance (DeFi) and tokenization of real-world assets (RWA)
- the strengthening of the market cycle, in line with the recovery of Bitcoin (BTC), which remains stable above US$ 116 thousand.
Ethereum (ETH) Next Levels
If the technical pattern is confirmed, Ethereum could quickly approach the range between $ 5.200 and $ 5.500. However, if there is rejection in the current region, the main supports to watch are close to US$ 4.400 e US$ 4.200, points that have historically attracted strong buyer interest.
This scenario reinforces the perception that Ethereum is in a decisive zone, balancing a short pullback with optimistic prospects for further appreciation in the short and medium term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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