#Etherum

Power of 3 Pattern in Play

On the daily chart, Ethereum’s price structure is following the three-phase Power of 3 (PO3) pattern — a common setup seen before major breakouts.

Accumulation Phase

Throughout August, #ETH traded sideways between $4,750 resistance and $4,215 support, signaling accumulation by institutional players as the market consolidated.

Manipulation Phase

On September 22, ETH dipped below the $4,215 range, sliding to $3,832 before rebounding sharply. This move marked the manipulation phase, where a false breakdown typically shakes out weak hands and traps shorts before the next leg higher.

Expansion Phase

Following the rebound, ETH reclaimed its previous range near $4,215, entering the expansion phase. The token then rallied toward the $4,752 resistance — the upper boundary of its accumulation zone — before facing rejection. This pullback has now brought ETH back to test its 50-day moving average (MA) near $4,406, a level that could act as a crucial pivot point for the next move.