- Ethereum's reclaim of $4,000 for the first time since late 2024 sparked a 6% daily jump and broader altcoin rally, with Uniswap (UNI) gaining 8% daily and over 32% monthly.
- UNI's current chart pattern mirrors late 2024 behavior when it broke from a downtrend, corrected near the 200-day moving average, then surged 81% to the upper ascending channel boundary.
- UNI has rebounded from support around the 200-day moving average at $8.68 and now trades at $10.93, approaching key resistance at $11.66.
- A breakout above $11.66 could trigger a rally toward $22.00 (100% gain), but a breakdown below $8.68 would weaken the bullish setup significantly.
Date: Fri, Aug 08, 2025 | 07:04 PM GMT
The cryptocurrency market is flashing bullish signals as Ethereum (ETH) reclaims the $4,000 mark for the first time since late 2024. This 6% daily jump has sparked a broader rally across major altcoins, with Uniswap (UNI) emerging as one of the standout performers.
UNI has turned green with an impressive 8% daily jump, extending its monthly gains to over 32%. However, its current chart structure reveals a familiar price behavior, which may offer clues about its next move.
Fractal Suggests a Breakout Rally May Repeat
A closer look at the UNI/USD daily chart reveals striking similarities to its price behavior in late 2024. During that period, UNI broke out of a sustained downtrend and entered a brief correction phase, shown by the shaded blue area. It found strong support near its 200-day moving average, then surged sharply, gaining over 81% and nearly touching the upper boundary of a long-term ascending channel.
Now, the price action appears to be following that same roadmap.
After breaking out of another downtrend, UNI once again corrected into a blue-shaded zone and found support around the 200-day moving average, which is currently near $8.68. From there, the token has rebounded and is now trading around $10.93. It’s inching closer to the next key level of interest — the top of the blue zone at $11.66, which could act as resistance just as it did previously.
What’s Next for UNI?
The bullish fractal scenario hinges on UNI’s ability to push above the $11.66 resistance level. If that breakout is confirmed, it could trigger another sharp rally, with the next major resistance level lining up near the $22.00 mark — right along the upper boundary of the long-term ascending channel.
This would represent a potential 100% move from current levels, similar to the surge seen in late 2024. However, the bullish case also depends heavily on UNI maintaining support above its 200-day moving average. A breakdown below $8.68 would weaken the setup significantly and could shift momentum in favor of further consolidation or even downside pressure, with the next key support around $7.55.
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