Ethereum is flashing a technical signal that has some in crypto circles paying close attention. A hidden bullish divergence has appeared on the ETH chart, and the numbers attached to it are hard to ignore.

Crypto analyst JavonTM1 on X flagged the pattern first, noting that ETH was holding a significant divergence that pointed to a larger move upward. According to JavonTM1 on X, Ethereum could recover over 125% back to the all-time highs near $4,955 before continuing even higher from there.

ETH Pattern Signals a Possible $4,830 Return

The divergence showed up at a moment when ETH had been under pressure, making the signal more notable for those tracking the setup. JavonTM1 later returned to the chart with an update, stating in a follow-up post on X that ETH had begun responding positively to the hidden bull divergence pattern already in place.

That update put a specific recovery target on the table. A move greater than 116% back to and above the $4,830 level is what JavonTM1 described as a realistic outcome given the structure forming on the chart.

The pattern is not a new concept in technical analysis. Hidden bullish divergences form when price sets lower lows while momentum indicators hold higher lows, suggesting underlying buying pressure that the price action has not yet shown.

Not Everyone Sees Green

The other side of this trade exists, and it is not quiet. Crypto commentator Eljaboom on X pushed back directly on any bullish framing of the ETH chart.

“There’s nothing bullish about $ETH just yet! We are very well in a downtrend.”

Eljaboom on X pointed to the raw structure of the chart: lower highs and lower lows. That structure, by standard technical reading, confirms a downtrend rather than a recovery. The divergence pattern and the trend direction are pulling in opposite directions right now.

That tension between the two readings is what makes Ethereum’s current position a focal point. Both views are grounded in what the chart shows, just interpreted differently.

The divergence thesis requires ETH to break structure and reclaim key levels before the 125% recovery scenario becomes credible. Until that happens, the lower-high, lower-low sequence that Eljaboom outlined remains the dominant price structure on the chart.

Whether the hidden bull divergence overrides that or fades into noise is what the next leg of price action will answer.