Update on Ethereum (ETH/USD)

We receive a question on Ethereum (ETH/USD).

Ethereum (ETH/USD): A deep retest of its bullish triangle breakout

ETH/USD is undergoing a deep retest of its breakout from the large November 2021–August 2025 base triangle pattern, currently holding near the 38.2% retracement (3591) of the April–August 2025 rally.

A sustained recovery back above the still-rising 13-week moving average (WMA) at 4215 is required to suggest a successful retest and preserve the integrity of the bullish triangle. If ETH/USD reclaims its 13-WMA, it would target the late 2021 and mid-2025 highs near 4865–4956. The triangle projects to 6325 and 7500 on a longer-term basis.

The rising 26- and 40-WMAs (currently 3431–3018) continue to signal a bullish trading cycle, though these supports could be challenged if ETH/USD continues to struggle and fails to regain the 13-WMA in the near term.

Chart 1: Ethereum (ETH/USD)