ETH Chart Screams Reversal: Massive Bullish Pattern Forming

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ETH Chart Screams Reversal: Massive Bullish Pattern Forming

In Brief

• Key Takeaways:

Ana Zirojević 2025-11-07

As the game of tug-of-war between bulls and bears in the cryptocurrency market continues, Ethereum (ETH) is forming a massive inverse head and shoulders pattern on its monthly chart, which could project a long-term upside target of $14,000 if confirmed.

Ethereum’s monthly chart shows a developing inverse head and shoulders pattern.
The setup projects a technical target of $14,000.
The ‘right shoulder’ is still under construction, suggesting more consolidation ahead.

Ethereum’s Macro Chart Signals a Potential Reversal

Specifically, the crypto industry’s representative altcoin has been forming the inverse head and shoulders pattern, which is a classic bullish reversal structure that often forms after extended downtrends, according to the chart shared by popular crypto expert Trader Tardigrade on November 7.

$ETH/monthly
A massive Inverse Head and Shoulders pattern is forming on the #Ethereum monthly chart, targeting $14,000 🔥
The Right Shoulder is under construction ✍️ pic.twitter.com/cRdIwihF2z

— Trader Tardigrade (@TATrader_Alan) November 7, 2025

On his chart, the left shoulder formed in mid-2024, followed by the head around Q2 2025, where ETH bottomed near $2,000. The market has since been building the right shoulder, a consolidation phase that precedes a potential breakout above the neckline.

As it happens, the neckline currently sits around $4,500 – $5,000, and a confirmed monthly close above that level could validate the $14,000 target derived from the pattern’s measured move.

Currently, Ethereum is changing hands at the price of $3,305.82, recording a decline of 2.1% in the last 24 hours, dipping 14.01% across the previous seven days, and accumulating a loss of 26.37% on its monthly chart, per the latest data.

Ethereum price 24-hour chart. Source: CoinMarketCap — *Ethereum price 24-hour chart. Source:* *CoinMarketCap*

Why the Pattern Matters for Ethereum

Notably, an inverse head and shoulders on such a high timeframe (monthly) is rare and typically signals macro cycle reversals that can play out over several quarters. For traders and investors, a clean breakout could indicate a new multi-year uptrend.

Until the neckline breaks, however, ETH remains in consolidation mode, with price action likely to oscillate between $2,500 – $4,000 as the right shoulder completes.

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Ana Zirojević Crypto journalist and market analyst with 7+ years of experience covering digital assets, blockchain technology, and data-driven market analysis.