- Ethereum is showing signs of a bullish reversal, with analyst Dan Gambardello pointing to momentum oscillators flipping positive and strong whale accumulation as early signals of a market bottom forming.
- A multi-year symmetrical triangle pattern is nearing its apex, with the $2,700–$2,800 range acting as key resistance. A breakout above this level could trigger a major rally, potentially pushing ETH toward $3,450.
- Altcoins may follow ETH’s lead, as historical indicators suggest the broader market is also bottoming out. The analyst notes that current fear levels and technical setups are similar to previous major lows like those seen in 2018 and 2020.
Ethereum might just be gearing up for something big—maybe even a breakout toward the $3,450 range—if crypto analyst Dan Gambardello is on the money. In his latest breakdown, he says the bulls are back in town and slowly taking control of the ETH narrative again.
Gambardello’s take? Momentum indicators are starting to tilt bullish, and some serious whale buying is showing up on-chain. He even compared current inflows to patterns from past cycle bottoms. So yeah, it’s starting to look familiar.
“Bulls Have the Edge” — Why ETH Might’ve Found Its Footing
Ethereum seems to be entering a pivotal phase. According to Gambardello, the charts are flashing early signs of a bottom forming. One of his go-to indicators—he calls it the “bull bear arena”—is leaning bullish now. That, along with oscillators flipping green, is giving ETH a fresh tailwind.
“This is big,” he said, referencing a set of momentum signals that mirror Ethereum’s behavior right before it broke out back in late 2020. Now, he’s not calling it a full-on macro shift yet, but these short-term signals? Definitely worth keeping an eye on.
Whale wallets, by the way, are loading up. Gambardello noted that ETH accumulation patterns right now look super similar to the ones that kicked off previous rallies. If you’re looking for signs of life—this is one of ’em.
That Multi-Year Triangle? It’s Getting Tight
One of the major patterns Dan’s watching is a big ol’ symmetrical triangle that’s been boxing in ETH for years. “I wanna see it break out, retest, then explode. That’s the play,” he explained. The key resistance zone? Somewhere around $2,700 to $2,800. Break above that, and it might be game on for ETH bulls.
Global liquidity trends might help here too. There’s some data showing M2 liquidity (with a lag of about 108 days) lining up nicely with crypto price movements. So macro conditions? Possibly lining up for a rally.
If ETH breaks out and comes back to retest that triangle’s apex—and holds? Gambardello calls that a “busted pattern,” and it’s the kind of setup that can kickstart serious upside action.
Where ETH Leads, Altcoins Follow
ETH isn’t just a big deal on its own—it tends to pull the whole altcoin market with it. Gambardello made that super clear. According to him, the entire altcoin scene is sitting at fear levels not seen since, well, some pretty ugly moments—think 2018 tariffs or the COVID crash in 2020.
He’s been staring at altcoin charts for months and says the RSI on the weekly has dropped to around 37. That’s the same zone it was in back during the COVID bottom. Coincidence? Maybe. Or maybe we’re staring at a repeat of history.
To move the needle, altcoins need to crack two key levels: the 50-week and 20-week moving averages. Right now, that means a 14–15% jump across the board. Not impossible… if ETH can lead the charge.
Final Thoughts
Between the whale activity, bullish oscillator flips, and that massive triangle pattern coming to a head, ETH looks like it’s teetering on the edge of a pretty important moment. Whether it breaks up or down remains to be seen—but according to Dan, the setup is more bullish than most might think.
And if ETH runs? You better believe the altcoin market might just sprint right behind it.
