Ethereum Turns Bullish After Multi-Year Breakout — $7,000 May Be Imminent 🚀
Ethereum has ended a multi-year consolidation phase, reigniting bullish sentiment among investors as it breaks above the $4,000 level, suggesting the beginning of a major rally. Analysts are forecasting a possible move towards the $7,000 region, after spending over 1,146 days attempting to maintain levels above $4,000.
Mags, a popular crypto analyst, points towards a target of $7,331, aligning with Ethereum's broader bullish trend. ETH’s breakout from its $4,000 resistance zone marks a crucial milestone. Strong buyer support and technical indicators are reinforcing growth potential.
Another analyst, Galaxy, mentions ETH's successful retest of the “V-bottom” structure and 2021 triangle pattern, indicating potential for continued upward movement amidst some possible market volatility.
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