Ethereum Breaks Out – Targeting $4,500!
Ethereum has finally broken out of a long consolidation phase, signaling a potential strong rally ahead!
This breakout from an Ascending Triangle pattern indicates that ETH could climb to $4,500, following months of steady accumulation.
For months, Ethereum was trading below $3,500, forming higher lows while facing strong resistance.
This pattern is a classic bullish signal, suggesting that buyers have been building momentum.
Now that Ethereum has successfully broken through this resistance, a strong price surge could be on the horizon.
Key Levels to Watch:
✅ Support Levels: $2,500 and $3,500 – These levels could act as strong buying zones where investors step in if the price dips.
✅ Target Price: $4,500 – If Ethereum maintains its bullish momentum, this could be the next major resistance level to break.
What’s Next for Ethereum?
The breakout confirms Ethereum’s strength, and if buying pressure continues, it could push prices even higher.
Traders should keep an eye on momentum indicators like RSI and MACD to track the strength of the rally.
Additionally, any pullbacks towards support levels could present new buying opportunities.
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