{"id":17940,"date":"2025-12-15T06:55:23","date_gmt":"2025-12-15T06:55:23","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-eyes-15-upside-as-a-giant-inverse-hs-pattern-takes-shape\/"},"modified":"2025-12-15T06:55:52","modified_gmt":"2025-12-15T06:55:52","slug":"ethereum-price-eyes-15-upside-as-a-giant-inverse-hs-pattern-takes-shape","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-eyes-15-upside-as-a-giant-inverse-hs-pattern-takes-shape\/","title":{"rendered":"Ethereum price eyes 15% upside as a giant inverse H&amp;S pattern takes shape"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price could be poised for significant upside as it forms a bullish reversal setup, as inflows into spot Ethereum ETFs return after a week of downturn.<\/p>\n<div id=\"cn-block-summary-block_921c56592c24a846f1b3caafcc8fc3fc\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price is down 8% from its weekly high.<\/li>\n<li>Exchange balances have hit an all-time low amid accumulation by DATs.<\/li>\n<li>A multi-year inverse head and shoulders is forming on the weekly chart.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Ethereum (ETH) was trading at $3,113 at last check on Dec. 15 morning Asian time, down 8% since last Thursday and 37.1% from its all-time high reached in August this year.<\/p>\n<p>The downtrend was led by a drop in network activity, profit-taking by investors, and risk-averse sentiment among investors surrounding macroeconomic concerns and massive liquidations that hit the broader crypto market.<\/p>\n<p>However, there are underlying signs that suggest Ethereum could be entering a consolidation phase before a massive upside in the weeks ahead.<\/p>\n<p>First, the supply of the asset held on centralized exchanges has dropped to a record low of 8.7%, the lowest since the network launched in mid-2015. This happened as more ETH went into staking, restaking, and digital asset treasuries (DAT) focused on accumulating it. Notably, Tom Lee-led Bitmine, the most prominent among them, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/TedPillows\/status\/2000152787816984939\" target=\"_blank\">bought<\/a> another $73.2 million just yesterday.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Typically, when exchange balances drop lower, they tend to reduce sell-side pressure, which could support price appreciation if investor demand for the asset remains high.<\/p>\n<p>Second, U.S. spot Ethereum ETFs have returned to inflows over the past week, drawing nearly <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\" target=\"_blank\">$209 million<\/a> after a week of outflows. Investors typically tend to go bullish on an asset when it attracts institutional demand.<\/p>\n<h1 class=\"wp-block-heading\">Ethereum price analysis<\/h1>\n<p>On the weekly chart, Ethereum price appears to be forming a massive inverse head and shoulders pattern, which is often a precursor for a bullish reversal.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">ETH price has formed a multi-year bullish reversal pattern on the weekly chart \u2014 Dec. 15 | Source: crypto.news<\/figcaption><\/figure>\n<p>Simultaneously, Ether price has moved above the 50-day moving average, a crucial level, a break above which has led to strong rallies previously.<\/p>\n<p>Furthermore, the relative strength index has been steadily pointing upwards, a telltale sign that buying pressure for the token is starting to return.<\/p>\n<p>For now, the immediate target for Ether next lies at around $3,600, 15.65% higher than its current price. The level also aligns with the 61.8% Fibonacci retracement level, making it a key resistance area that traders would follow.<\/p>\n<p>On the contrary, $2,760, which aligns with the 38.2% Fibonacci retracement level below, could act as the next major support level to keep an eye on if the price faces renewed selling pressure.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price could be poised for significant upside as it forms a bullish reversal setup, as inflows into spot Ethereum ETFs return after a week of downturn. Summary Ethereum price&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=17940"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17940\/revisions"}],"predecessor-version":[{"id":17941,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/17940\/revisions\/17941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15504"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=17940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=17940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=17940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}