Ethereum traders buzz with anticipation as a familiar pattern emerges on the 3-day chart, signaling what could be the last dip before a powerful breakout. Analyst Trader Tardigrade highlights how ETH has twice built bearish flags, followed by a final shakeout that weeds out weak hands and paves the way for explosive gains. This third iteration rhymes with moves seen in late 2025, when similar setups propelled ETH upward by over 40% in weeks.

Historical Patterns Fuel Rally Hopes

The pattern's repetition draws eyes to Ethereum's resilience. Back in October 2025, a bearish flag resolved into a dip that bottomed at key supports, shaking out retail panic before institutions piled in. Now, with spot Ethereum ETFs gaining traction and layer-2 scaling solutions like Optimism boosting transaction speeds, macro tailwinds align for a repeat performance. Traders position for volatility, betting this dip clears the path for ETH to challenge higher resistances.

Technical Confluence Points to Calculated Pullback

As Ethereum hovers at $2180.28, the 4-hour chart reveals a bullish undercurrent with price firmly above the EMA50 at $2128.29 and EMA200 at $2078.47, both acting as robust long-term supports that have held firm during recent consolidations. Yet the MACD flashes a bearish death cross at 26.41, injecting caution amid neutral RSI momentum at 56.18, suggesting the asset trades comfortably inside Bollinger Bands without exhaustion—upper resistance looms at $2279.23 while lower support at $2058.53 offers a safety net for any retracement. This confluence whispers of a tactical dip testing that EMA50 support before bulls regain control, mirroring the shakeout dynamics seen in prior cycles and setting up for renewed upside conviction.