#ReboundRally An expert has found an inverted head and shoulders pattern on the 6-month long-term price chart of Ethereum, indicating a breakout. Ethereum could soon reach $12,000, a new all-time high for the second-largest cryptocurrency by market capitalization, according to this bullish pattern.

When a cryptocurrency breaks the neckline after the pattern is completed, it may be entering an uptrend. The price of Ethereum has decreased nearly 8% in the past week.

After dropping from over $4,000 to below $3,500, Severino predicts Ethereum will recover to $12,000, the leading cryptocurrency.