Date: Mon, Nov 24, 2025 | 05:25 AM GMT
The cryptocurrency market is starting the week with a sense of relief after last week’s turbulence, which dragged Ethereum (ETH) down to a low of $2624 before recovering above $2875. Despite recent volatility, ETH’s weekly chart is now hinting at a potentially powerful recovery setup driven by a developing harmonic structure.
Harmonic Pattern Hints at Potential Bounce
On the weekly timeframe, Ethereum appears to be forming a potential Bearish ABCD harmonic pattern. This classical structure generally indicates a strong upside movement during the CD leg—typically where price accelerates until reaching the final reversal area known as the Potential Reversal Zone.
The pattern formation started at Point A near $2188.98, followed by a significant rally to Point B. After that, ETH entered a steep correction phase into Point C at $2624.88. This C-leg is proving meaningful, as early buying pressure has already pushed price back above $2875. This level now acts as a critical structural support, reinforcing the idea that ETH may be beginning its CD-leg advance.
Another key technical factor supporting this outlook is the reclaim attempt above the 100-week moving average, currently sitting at $3053. Holding and closing above this level may serve as a strong signal that bullish momentum is returning.
What’s Next for ETH?
If buyers continue defending the $2624.88 support and ETH sustains movement above the 100-week MA, the next major objective lies near the Potential Reversal Zone aligned with the 1.187 Fibonacci extension. The projected completion area of the harmonic pattern sits near approximately $5391.87, which represents nearly an 86% potential upside from current price levels.
However, traders should remain cautious. A breakdown below $2624.88 would compromise the harmonic structure and potentially trigger deeper retracement before any meaningful bullish recovery occurs. Market participants will be closely watching weekly closes and reaction zones to gauge direction.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
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