Ether could be nearing a price breakout, based on its current valuation combined with improving macroeconomic conditions following the summer slump in crypto markets. Ether (ETH) price could be near its local bottom, following an over five-month downtrend that started at the end of March. Based on a key technical chart pattern, Ether could be set to break this downtrend, according to crypto analyst and entrepreneur Michaël van de Poppe, who wrote in a Sept. 9 X post: “The bullish divergence is still valid and a higher low has been made. The downtrend of the past months is likely going to be br…