Ethereum News Today: Fartcoin Surges 80% Monthly as Ethereum Leads Crypto Bull Run

Fartcoin (FARTCOIN) is currently experiencing a significant rally, with an 8% increase in the past 24 hours and an 80% monthly gain. This surge is part of a broader bullish wave in the cryptocurrency market, led by Ethereum (ETH), which has risen 25% over the past week and is now trading above $3,775. The bullish sentiment has extended to major memecoins, with FARTCOIN showing a technical setup that suggests a potential major breakout.

FARTCOIN's chart reveals a fractal pattern that closely mirrors Pudgy Penguins (PENGU), which recently delivered a massive rally. PENGU completed a textbook “Cup and Handle” breakout, a bullish structure often followed by explosive gains. After reclaiming its 75-day and 100-day moving averages as support and breaking out of its handle zone, PENGU triggered a staggering 177% surge toward $0.0362.

FARTCOIN is now tracing an almost identical structure to PENGU. The memecoin is pressing against its key resistance zone between $1.54 and $1.65, the same type of level PENGU broke through before its sharp rally. Like PENGU, FARTCOIN has also flipped its moving averages into support, creating a foundation for potential upside.

For the bullish fractal to fully play out, FARTCOIN must break decisively above $1.65 with strong volume. If successful, a move toward its previous all-time high at $2.74 could be on the cards — a potential 77% rally from current levels. However, the setup still needs confirmation. Without a breakout, FARTCOIN could remain trapped in its consolidation range. But if the PENGU pattern is any guide, the odds favor the bulls if momentum carries through the resistance zone.