Ethereum triple bottom setup hints at a $4K breakout next 🚀
Ethereum is currently exhibiting a technical chart pattern known as a triple bottom, which signals the possibility of a breakout towards the $4,000 mark. This occurs as large-scale investors, referred to as mega whales, are strategically purchasing Ethereum during recent price declines, thus absorbing the supply from smaller holders.
As these significant purchases accumulate, the market seems poised for potential upward momentum, largely driven by the activities of these mega investors. The emerging trend could be a key point of focus for market participants observing Ethereum's next movements and potential price increase.
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