Ethereum Breakout Targets New Highs
- Ethereum broke out from a months-long Ascending Triangle pattern.
- The breakout suggests a potential price target of $7,800.
- Resistance was previously established at $4,000 since late 2024.
- A predicted surge of 333% is based on the pattern’s height.
- Support levels are identified at $4,000 and $3,000.
Ethereum’s recent breakout from an Ascending Triangle indicates a bullish trend with a possible target of $7,800. Key support levels are noted at $4,000 and $3,000 to mitigate potential declines.
Source (2.6)https://www.newsbtc.com/news/ethereum/ethereum-breakout-to-7800/?rand=52377