Ethereum Rallies 13% as Geopolitical Tensions Ease

Ethereum (ETH) has shown a strong rebound in the cryptocurrency market, rising from a recent low of $2,113 to trade above the $2,400 mark as geopolitical tensions between Israel and Iran begin to ease. Despite this recovery, ETH remains technically in the red for the short term.

Analysts are closely watching a fractal pattern that suggests Ethereum could be on the verge of a significant rally. A comparative chart shared by analyst Max reveals a pattern where Coinbase’s (COIN) stock has recently hit a new high, breaking past a months-long consolidation structure. Ethereum appears to be following a nearly identical structure but has not yet broken out.

This fractal pattern, which is a repeating pattern seen across different assets or timeframes, indicates that Ethereum may be lagging behind COIN in terms of price action. Historically, similar patterns have shown that assets like MicroStrategy (MSTR) once lagged Bitcoin (BTC) by 26 days before catching up and hitting new highs. Just as COIN eventually broke out of its range and surged upward, ETH could be on the verge of a similar breakout, mirroring the stock’s trajectory in delayed fashion.

If this fractal correlation continues to hold, Ethereum could soon break out of its current consolidation zone and potentially rally toward the $4,000+ level in the coming weeks. This would represent a major shift in momentum and possibly trigger a wave of bullish sentiment returning to the altcoin market. The key to confirmation will be a strong daily close above $2,879 followed by volume-supported continuation. If that happens, Ethereum’s price action may begin to mirror Coinbase’s past few weeks, making the case for a steep upside move.

However, caution is warranted. While historical fractals and correlations can be powerful signals, they are not guarantees. ETH must still break key resistance zones to confirm the bullish case. Analysts predict that Ethereum’s price action may begin to mirror Coinbase’s past few weeks, making the case for a steep upside move. Still, it is important to note that this is based on the analyst's forecast and not a guarantee.