The price trend of Ethereum in 2025 is attracting the attention of analysts because a megaphone formation, also referred to as a broadening formation, can be observed on the weekly chart. This technical configuration,where upward-bound price movements increase in magnitude with increasing highs and decreasing lows is considered a possible bullish reversal. Analysts point out that a confirmed breakout over $5,000 may lead to a liquidation of almost $5 billion short positions, which will lead to a rush towards $10,000.
Data from CoinGlass suggests that such a move would remove a significant layer of resistance and could accelerate market momentum. However, the inability to break out may result in Ethereum returning to the support of the 12-week simple moving average, which is approximately 3,500 or less. Nevertheless, these risks do not exclude the fact that the megaphone pattern visible to the market participants is an indicator of significant price changes in the future.