Ethereum Price Action Turns Higher as Double Dip Pattern Activates

Ethereum has begun to replicate the Double Dip pattern that preceded its 2025 rally, according to trader @TATrader_Alan. This pattern is currently active on the 3-day timeframe and price action is turning higher.

The current price of ETH sits at $1881.6 inside the Bollinger Bands, testing resistance near the upper band at $1892.39. The EMA50 at $1888.13 acts as a cap to upside, while the EMA200 at $1857.09 provides deeper support.

The Relative Strength Index (RSI) is currently at 47.24, remaining neutral, and the Moving Average Convergence Divergence (MACD) shows a bullish golden cross at -2.19. This suggests that momentum is shifting even as the broader trend structure remains bearish.