For investors of ether (ETH), the native currency of Ethereum, who are disappointed by the weak performance of the asset in this bullish cycle, there are still signs indicating the possibility of a rebound in the short or medium term.

In fact, Ali Martínez, a financial markets analyst, projects that ETH still has a chance to reach 7,000 dollars.

To support his claim, he shared a chart showing an "inverted head and shoulders" pattern and adds: "ETH must stay above 2,700 dollars to maintain its bullish structure."

In the previous chart, the dotted lines labeled "left shoulder," "head," and "right shoulder" highlight a trend reversal pattern, meaning it could be changing its bearish direction to a bullish one.