Ethereum Shows Potential for Breakout Toward $3,834 Following Bullish Continuation Patterns
The post Ethereum Shows Potential for Breakout Toward $3,834 Following Bullish Continuation Patterns appeared on BitcoinEthereumNews.com. Ethereum has surged past the $2,556 mark, signaling robust bullish momentum with key technical patterns pointing toward a breakout target near $3,834. The cryptocurrency’s price action mirrors historical liquidity grabs, notably resembling the 2017 recovery, underscoring strong market conviction and volume support. According to COINOTAG analyst Merlijn, Ethereum’s current structure forms a compelling bull flag and falling wedge, with critical resistance at $2,800 needing to be surpassed to unlock further gains. Ethereum breaks above $2,556, forming bullish continuation patterns with a $3,834 breakout target now in sight, reflecting strong volume and historical recovery signals. ‘, ‘
The post Ethereum Shows Potential for Breakout Toward $3,834 Following Bullish Continuation Patterns appeared on BitcoinEthereumNews.com.
Ethereum has surged past the $2,556 mark, signaling robust bullish momentum with key technical patterns pointing toward a breakout target near $3,834. The cryptocurrency’s price action mirrors historical liquidity grabs, notably resembling the 2017 recovery, underscoring strong market conviction and volume support. According to COINOTAG analyst Merlijn, Ethereum’s current structure forms a compelling bull flag and falling wedge, with critical resistance at $2,800 needing to be surpassed to unlock further gains. Ethereum breaks above $2,556, forming bullish continuation patterns with a $3,834 breakout target now in sight, reflecting strong volume and historical recovery signals. ‘, ‘
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