📈 $ETH eyes 35% Recovery as ETH/BTC Forms Bullish Pennant 🔥

📉 Ethereum dropped 7% today to $2,437, with $40B+ in trading volume and $294M in liquidations, as geopolitical fears pressured the market. Still, bullish signs hint at a major recovery.

🟢 A bullish SMA crossover has occurred — the 50-day SMA just moved above the 150-day SMA. Historically, this setup triggered 35–115% rallies, suggesting ETH could soon surge past $3,500 if momentum builds.

📊 The RSI sits at 50, showing neutral momentum. For a breakout, bulls need to regain control and push RSI higher to confirm upward pressure.

📉 Meanwhile, ETH/BTC is forming a bullish pennant — a pattern signaling a pause before potential upside. A breakout above the pennant’s upper trendline could send the pair up 40% to 0.036, ETH’s highest BTC ratio since January.

🏦 Institutional support is growing too. Sharplink Gaming just bought 176,271 ETH, backing a longer-term bullish case for Ethereum.

📌 If both chart patterns confirm, Ethereum could enter a sustained rally through 2025 and beyond.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.