An Ethereum price surge to $3,300 may be imminent, according to crypto analyst Ted Pillows. He identifies a Symmetrical Triangle pattern as a bullish indicator, suggesting Ethereum could breach the $2,750 resistance level. Should this occur, a rise to between $3,100 and $3,300 is possible.
Pillows foresees a potential correction post-breakout, with Ethereum potentially consolidating around $3,300 before another rally. Recent downturns have seen Ethereum's price drop over 18% in a month, yet analysts remain optimistic.
Crypto analyst Merlijn the Trader adds that Ethereum's MACD has turned bullish, indicating potential upward trend akin to historical price hikes, suggesting a short-term rise to $2,800.
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