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Ethereum Trades Inside A Multi-Year Bullish Pennant – Analyst Sees A Breakout Above $4K Newsbtc 5 zile în urmă

Ethereum Trades Inside A Multi-Year Bullish Pennant – Analyst Sees A Breakout Above $4K 📈

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Ethereum experienced significant volatility, dropping over 30% due to market panic, but quickly rebounded following trade negotiations news. Analysts highlight Ethereum's position within a longstanding bullish pennant, suggesting a potential massive rally once a breakout occurs.

Though currently struggling below crucial supply levels, analyst Jelle believes that Ethereum's long-term structure supports its growth potential. Traders are closely monitoring price action, especially as Ethereum remains below $3,000.

If Ethereum breaks above the $3,000-$3,100 levels, it could trigger a surge toward higher supply points and new all-time highs. Investors are watching for key technical signals for a significant move.

Sursă: www.newsbtc.com ↗

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