The cryptocurrency market has seen a strong resurgence in recent weeks, led by Ethereum ($ETH ), which has climbed over 55% in the past month. Currently trading just below $2,500 after touching a recent high of $2,700 — levels last seen in early January — Ethereum’s rally has lifted overall market sentiment and spurred momentum across altcoins, including Sei ($SEI ).


SEI has posted impressive monthly gains of over 33%. Despite a 7% dip today, the pullback is drawing attention as it coincides with a key technical level, hinting at a possible continuation of its recent uptrend.


Technical Setup: Inverse Head and Shoulders Retest in Play


On the daily chart, SEI has formed a textbook inverse head and shoulders pattern — a classic bullish reversal signal. This pattern often marks the transition from a downtrend to a potential bullish breakout.


SEI confirmed the breakout earlier this month when it surged from the right shoulder at around $0.19 and decisively cleared the neckline resistance near $0.2290. This move sent the price to a local high of $0.2749.


Since then, SEI has retraced over 15%, falling back toward the $0.22 zone — a previous resistance level now acting as support. This retest of the neckline is a critical moment that could determine whether the bullish structure remains intact.


Bullish Scenario: Key Levels to Watch


If $0.22 holds as a support level and buyers step back in, SEI could resume its upward momentum. A bounce from this area would likely aim first for the recent high of $0.2749. A breakout beyond that could unlock the full measured move target from the inverse head and shoulders pattern — potentially sending SEI toward $0.38, which would represent a 68% rally from current levels.


However, a sustained drop below $0.22 could invalidate the bullish setup. In that case, SEI may retrace further toward the 100-day moving average, where new support might form.


With Ethereum’s rally still strong and altcoin strength holding firm, SEI’s current pullback could present a key buying opportunity — provided the neckline support holds.


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