ETH Defends $4,000–$4,200 Zone as Analysts Cite 2017/2021 Breakouts 📈
Ethereum is once again showing signs of repeating history, with analysts drawing parallels between the current setup and its past explosive movements. In previous cycles, specifically in 2017 and 2021, Ethereum broke out from falling wedges, reclaimed its moving averages, and surged through horizontal resistance, eventually leading to record highs.
Analysts, including CryptoELLTES, believe that Ethereum's recent defense of the $4,000–$4,200 zone may signal an impending breakout similar to those seen in previous years. This insight suggests a potential move towards new highs if history repeats itself.
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