Ethereum Poised for Major Breakout as Key Technical Patterns Emerge

Potential Local Bottom at $3,900

In recent market movements, Ethereum (ETH) seems to have found a potential local bottom at the $3,900 mark. Experts are closely analyzing its behavior, with the return of a significant technical pattern calling attention. The pattern in focus is the Power of 3 (PO3), also known in trading circles as the Accumulation-Manipulation-Distribution setup. This model previously played a crucial role during a rally that saw ETH ascend from $2,000 to an impressive $4,900 between May and June. Current charts suggest that Ether buyers accumulated around the range of $4,800 to $4,200 before experiencing a swift drop below $4,000—a move deciphered by many as a tactical liquidity sweep.

This recent activity aligns with what some analysts describe as a deliberate stop-hunt aimed at clearing external liquidity near the $4,180 level. The retracement observed fits seamlessly within a daily fair value gap (FVG), which has reinforced bullish sentiment among traders rather than diminishing it. Many believe this could be an echo of previous bullish patterns seen earlier in the year.

Technical Indicators Support Bullish Outlook

Momentum indicators seem to strengthen this positive outlook for Ethereum. Both its 25-day and 50-day simple moving averages currently act as resistance points in the short term. Market watchers emphasize that securing a decisive daily close above the critical level of $4,500 would offer Ether a robust foundation for further advances. Analysts are optimistic about an imminent 80% to 100% breakout during Q4—an expectation inspired by similar gains witnessed earlier this year.

Despite these promising signs, not all indicators align perfectly with such optimism. Observations reveal that while Ether's price rose approximately 15% over just one week, there was only marginal growth in open interest (OI) and futures cumulative volume delta (CVD). This situation implies that the upward momentum isn't primarily leverage-driven—potentially guarding against forced-long liquidations should momentum wane—but it also suggests that room exists for OI to expand if spot demand continues.

Examining Resistance and Potential Volatility

Interestingly, during this price increase, spot CVD experienced notable declines in contrast to rising prices—a bearish divergence signaling net aggressive sellers into strength. Such dynamics often hint at either passive absorption or distribution by larger holders and can potentially precede volatile market swings if support levels come under pressure.

Should these conditions persist—with absorption continuing above reclaim levels between $4,200 to $4,400—it's plausible idle leveraged traders might re-enter positions extending ongoing trends but under controlled volatility scenarios.

Key Areas of Interest Moving Forward

Looking ahead in terms of potential price movement zones—the territory between $4,100 -$4,250 emerges prominently due largely owing dense internal liquidity clusters coupled with evident volume inefficiencies within this region—it represents a focal point where imbalance occurred rapidly without achieving balanced buyer-seller engagement previously thus making it ripe candidate either serving new entry points upon retracement failure surpassing decisive breakouts past crucial resistance thresholds like aforementioned pivotal marker standing steadfastly arched atop soaring potentials lying even beyond initial objectives set forth overriding historical benchmarks firmly embedded encroaching narrative inherent expanding scope encapsulating broad spectrum perceptions across wider audiences keenly observant ever-evolving digital asset landscape unraveling real-time nuances underpinning contemporary economy shifts reshaping future paradigms altogether anew—not merely restricted singular 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