**Ethereum Eyes Potential Rally Despite Recent Slump**
Ethereum (ETH) has had a rough ride lately, with a 9% drop in September and a 33% decline since July. However, technical indicators suggest a potential turnaround. Analysts are eyeing a bullish fractal pattern, similar to one from 2021, that could signal a significant price recovery.
- **Fractal Pattern**: Ethereum's current setup mirrors a five-point fractal from 2021, hinting at a possible rally.
- **Price Targets**: Analysts like Javon Marks and CoinsKid predict ETH could surge to $4,723.5 or even $8,100 if the pattern holds.
- **Critical Levels**: ETH needs to maintain support around $2,150 to confirm the bullish outlook.
While optimism is brewing, investors should tread carefully and conduct their own research.