Ethereum Price Could Rally To $10,000 If This Major Resistance Is Broke 🚀
Ethereum's price has surpassed $2,800 for the first time in four months, briefly touching $2,870 before retreating. Crypto analyst Crypto Patel sees potential for Ethereum to rally to $10,000, driven by a technical breakout above resistance levels.
The initial analysis using an 8-hour chart highlights a rally target of $4,000 if Ethereum sustains its momentum above $2,800. Patel underscores the importance of Ethereum holding above the $2,750 breakout line to trigger further bullish momentum.
In a long-term perspective, a two-week candlestick chart indicates a bullish setup, with a target above $10,000. The path to this target depends on Ethereum turning $2,800 into a support base rather than its current resistance role. A failure to maintain this might push Ethereum back to its consolidation range, posing risks of further losses.
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