Ethereum may be lining up for a decisive move as a weekly Libra pattern remains intact — and that keeps a bullish scenario very much alive. On the weekly chart, analyst Kamile Uray flagged a developing Libra formation on X. With the weekly candle still open and no invalidation yet, the structure is still a valid bullish setup. If confirmed, the pattern could clear the path toward the prior high near $4,956, though significant resistance sits along the way (notably around $3,445). Uray also noted that a daily close above $2,475 would be the first concrete technical signal that upside momentum is strengthening; failure to hold above that level could stall recovery and leave ETH vulnerable to pullbacks. Because this pattern is on the weekly timeframe, it would only be invalidated by a break below the $1,388 weekly low — underscoring the long-term nature of the setup. Price action: a sharp short-term rally, healthy pullback zone Crypto analyst Can Özsüer reports ETH trading around $2,086 after rallying from roughly $1,730 — an increase of about 22% with little meaningful correction so far. That kind of rapid run-up typically invites some profit-taking and light selling pressure. Özsüer suggests any retracement is likely to be controlled, with an ideal reset zone between $1,950 and $2,000 that wouldn’t damage the broader bullish picture. A pullback into that range could set ETH up for the next leg higher; the nearer upside objective sits around $2,200. What to watch next - Short-term confirmation: daily close above $2,475 as an early sign of renewed upside momentum. - Key resistance: ~ $3,445 on the path to the $4,956 high. - Healthy pullback zone: $1,950–$2,000 after the recent 22% surge. - Weekly invalidation level: break below $1,388 would negate the Libra weekly setup. Bottom line: the weekly Libra formation keeps the bullish case on the table, while recent gains make a short-term pullback likely and potentially constructive. Traders and observers should watch the $2,475 daily close level and the $1,950–$2,000 area for the next meaningful signals. Read more AI-generated news on: undefined/news

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