#ETHRally The price trajectory of Ethereum has taken a decidedly bullish tone with its movement in the last 24 hours. Now, technical patterns point to the possibility of a rally that would not only push it beyond its current all-time high of $4,878 but also take it up to $8,500.

A recent analysis by TradingView analyst melikatrader94 points to the formation of a Rectangular Expansion Formation (RABF) on the daily candlestick chart, a rare but powerful continuation setup that has been in play since March 2024.