ETHUSDT Massive pump started new ATH cooking?Ethereum / TetherUSBINANCE:ETHUSDTMMBTtraderA double bottom pattern has formed for ETH, and it is now only a matter of time before major resistance breaks and new highs appear on the chart. If price manages to break above 3,000, a bull season could begin, with the potential for a new all-time high (ATH) for Ethereum as well. Let's examine the current structure on the Ethereum chart. A double bottom pattern has formed, which is a classic bullish reversal structure. Learn this: The double bottom is one of the most reliable reversal patterns in technical analysis. It signals that selling pressure has failed twice to push price lower, and buyers are gaining control. The breakout above the neckline confirms the pattern and often leads to a strong move higher. Learn this: A double bottom pattern's target is calculated by measuring the distance from the bottom to the neckline and projecting that same distance upward from the breakout point. which it hit the target already and now we are expecting more gain here only if resistance zones break to the upside.