Key Takeaways: Ethereum’s native token Ether (ETH) opened its weekly candle at $1,807 on May 7, and now it is close to recording its highest 7-day returns of 38% since December 2020. Ether also ...

The chart also illustrates the formation of a rare Cup-and-Handle (CnH) pattern on the weekly chart. The pattern has taken shape over almost three years, dating back to October 2021.

Ether's three-line break chart shows a bullish pattern similar to BTC's in mid-October. The bullish technical setup is accompanied by an uptick in the Ethereum network activity and spot ETF inflows.

A bullish trading pattern on the Ethereum price chart could be a sign that ETH is en route to new all-time highs.