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I noticed an interesting point with Ethereum — its price action is starting to resemble the classic Adam and Eve pattern, which often precedes a significant reversal.
Here's what's happening. After a sharp sell-off, ETH rebounded quite aggressively from the $1740 level. This was a typical Adam leg — an impulsive upward move that usually indicates exhaustion of seller panic. Now, the market is entering a calmer phase, consolidating, and forming a base. This is already part of the Eve pattern.
What interests me is that the price stays above the minimum and doesn't fall lower. This signals that sellers are losing control. The balance between supply and demand is gradually shifting in favor of buyers. If this development continues, the Adam and Eve pattern will be confirmed.
The key point is the return to the control point. This is the level with the highest trading volume, and a breakout with strong bullish volume will be a signal to activate a reversal. Without this confirmation, everything remains speculative.
If all goes according to plan, the next target is around $2450. This is a significant recovery from recent lows, which will confirm that we are indeed forming a bottom. But it’s important to understand — such reversals rarely move in a straight line. There will be pullbacks, retests, and volatility. That’s normal.
As long as ETH stays above $1740, the Adam and Eve pattern remains active. The next critical moment is a breakout of the control point. If this happens with increasing volume, the move toward $2450 becomes more and more likely. It’s interesting to watch how this structure develops.