Ethereum Finds Buyers Exactly Where Double Three Pattern Predicted

Ethereum's price has been hovering around $2,520, a pivotal point that many analysts have been watching. This isn't a coincidence. A completed Double Three correction pattern has given ETH a defined support zone, and buyers have indeed shown up where the pattern predicted they would.

The technical analysis centers on a three-wave pullback, which unfolded as a classic (W)-(X)-(Y) Double Three structure. Each leg of this sequence formed its own internal A-B-C correction. Analysts used Fibonacci extension tools to project wave (w) from the end of wave (x), landing on an Equal Legs buying zone at $2,375-$2,337.

ETH found buyers in this zone and has since pushed back toward the mid-$2,500s, currently developing what's labeled the c-leg of the wave. Zooming out to the broader chart shows a similar story. ETH rallied from around $1,850-$1,900 in late August to above $2,550, then consolidated inside a range described as a bullish flag under mounting selling pressure.

The next move hinges on whether $2,500-$2,550 flips from resistance to support. If it does, the door could open for a price target of $2,700 or even $3,000. However, if ETH loses the $2,438 Fibonacci level, the 200-day EMA near $2,161 becomes the next magnet.