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07/17 14:59

Ethereum Soars to $3,350, Is a $10K Breakout Immin

Ethereum Soars to $3,350, Is a $10K Breakout Imminent?Ethereum-7-768x432.jpg

  • Ethereum reaches $3,350, marking a 6.72% growth in 24 hours, with trading volume hitting $49.11 billion.
  • Price targets of $6,000, $8,000, and $10,000 are possible, but a short-term dip to $2,800 could occur.
  • RSI at 65.07 shows strong buying pressure, while MACD confirms a continued bullish trend ahead.

As of press time, Ethereum (ETH) is trading at $3,350, marking a modest increase of 6.72% over the past day. The trading volume for the same period stands at $49.11 billion, reflecting a 37.08% uptick. Over the previous week, the ETH coin price has increased by 37.08%. Ethereum has surged above the $3,400 level, the first time in five months, indicating a strong upward movement.a549543b80393952ce7b416d50d93714.AD_4nXdnerTfUUtnjRiIKzgpsSeRDM0HtTJrks5zeGPxmmdNf99o9F5dU-OQXh96u6yP7gri6FOsfW1sm6mBLVm154hxyY0bqXWToiz1H-XT0EZ9_QUg0zV1Nnk9zAnHNNmoq2n7gGaV3g.png

Crypto Patel highlighted that Ethereum broke out of a significant inverse head & shoulders pattern. According to the analyst, this breakout preconditions Ethereum to move up. The action in breaking out of $3,400 has exhibited a bullish sentiment. Patel predicts that Ethereum might hit $6,000 in the short term. He termed the future of the second-largest altcoin as mega bullish. This comes with an expectation of ETH hitting $6,000, $8,000, or even $10,000. Such price targets indicate the current bullishness of the market.a549543b80393952ce7b416d50d93714.AD_4nXexXIljgIfcR51o0e_q6oP1iyaIIplvD7nMPKS_yWMPdrS_YmVFncN4wmW_vuSHq873yNkyMgTGSURNHBAqmaPfJwuBhPvpEKFRbQw4Nz7S8NTY7Hd_z7LRFCIkuTXx3s3bPBu8.png

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