Crypto 656
08/10 17:54
How high will Ethereum price go after breaking $4K
How high will Ethereum price go after breaking $4K? ETH analysts weigh in
Ethereum is breaking out across multiple bullish setups on the price chart.
Analysts see ETH rising to $6,000 soon, with $20,000 possible within a year.
Ethereum’s native token, Ether (ETH), has surged roughly 24% this week to above $4,330, its highest price since December 2021. Many analysts now eye a break above the record $4,950 level next.
Ether’s Wyckoff pattern breakout targets $6,000
Ethereum is showing signals of breaking out of its prevailing Wyckoff Accumulation pattern, according to analyst Lord Hawkins.The ETH/USD pair has been trading inside a large accumulation range for months, steadily absorbing selling pressure. This phase often ends with a decisive breakout once buyers gain control, according to Wyckoff theory.
That breakout appears to be underway, with ETH pushing above the $4,200 resistance zone, a stage known as the “Sign of Strength” (SOS).
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