Ethereum (ETH) may have formed a localized low near $3,900 (approximately 54.21 million won). Analysis of daily charts suggests this trend could be a sign of a rare technical pattern foreshadowing a future surge.
The signal investors are paying attention to is the "Power of 3" (PO3) model. This pattern, consisting of three stages—accumulation, manipulation, and distribution—has previously served as an inflection point for Ethereum's rise. In particular, between May and June, this model pushed Ethereum, which had hovered around $2,000 (approximately 27.8 million won), to $4,900 (approximately 68.11 million won).
The currently forming PO3 pattern is showing signs of reversal, and if this scenario is realized, some analysts predict that Ethereum could experience an explosive rally of 80% to 100% in the fourth quarter. This suggests that Ethereum could leap above $7,000 (approximately 97.3 million won), stimulating market expectations.
Ethereum has been experiencing a steady influx of buying on a weekly basis recently, demonstrating strong support. This price structure and technical trends suggest that it could become the foundation for a mid- to long-term uptrend beyond a short-term rebound. Experts predict that, "If past successful patterns repeat, Ethereum could enter a second bull market."
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