Ethereum Rally Incoming? Analyst Predicts Breakout Beyond $2,100 📈
Ethereum, the second-largest cryptocurrency, is garnering attention as market analysts predict a potential breakout past $2,100 due to promising patterns in price movements.
Analyst Crypto Patel highlighted an encouraging setup on Ethereum charts, suggesting strong investor interest at a mitigation block around $2,064, targeting $2,128 for a significant move. Patel also set a stop-loss at $2,027 to limit potential losses.
Another analyst, TimeFreedomROB, compared current price patterns to those seen between 2018 and 2020, hinting at a potential recovery from recent dips. Ethereum's price currently hovers around $2,064 after positive weekly performance, but the unpredictable nature of crypto markets remains a cautionary note.
Source: www.newsbtc.com ↗
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