Ethereum is sitting near a key long-term support zone while RSI returns to levels seen near past cycle bottoms. If $ETH holds this structure, analysts say the current weakness could become the base for a larger recovery.
Ethereum Mirrors Prior Cycle Bottom as RSI Returns to Historic Lows
Ethereum may be repeating a pattern seen near previous cycle bottoms, according to analyst Kamran Asghar. The chart highlights similarities between the current market structure and the 2022 low, with the Relative Strength Index (RSI) once again approaching historically depressed levels.
$ETH/USD Monthly Chart. Source: Kamran Asghar (@Karman_1s) on X.
The analysis compares Ethereum’s current consolidation phase with its previous bear-market bottom. In both cases, price entered a prolonged accumulation range while RSI reset toward long-term support levels, a condition that historically preceded major recoveries.
Kamran argues that the current setup resembles the early stages of Ethereum’s last expansion cycle. The chart projects a breakout from the current range, followed by a sustained advance that could eventually challenge previous cycle highs above $4,000.
For now, the focus remains on whether Ethereum can maintain support and complete its accumulation structure. If the historical pattern continues to play out, the current weakness could represent the foundation for a larger multi-year uptrend.
Ethereum Tests Multi-Year Triangle Support as Analyst Eyes Major Reversal
Ethereum is approaching a critical support level within a long-term symmetrical triangle, according to analyst MikybullCrypto. The chart suggests $ETH is nearing the final stage of a multi-year consolidation pattern that could determine its next major trend.
$ETH/USD Monthly Symmetrical Triangle. Source: MikybullCrypto (@MikybullCrypto) on X.
The analysis highlights Ethereum trading near the lower boundary of a large triangle formation marked by a series of lower highs and higher lows. Price is currently testing the trendline support around point “E,” a level that could act as a key inflection point for the market.
Adding to the bullish case, the chart shows the Relative Strength Index (RSI) hovering near historically depressed levels. Similar RSI readings in previous cycles have coincided with periods of extreme pessimism before significant recoveries emerged.
According to MikybullCrypto, moments when market sentiment appears weakest often precede major reversals. A successful defense of triangle support could pave the way for a breakout from the long-term pattern, while a breakdown below support would weaken the bullish outlook and delay any recovery.
