Ethereum’s Monthly Triangle Pattern Suggests Potential Breakout Toward $8,000 If Resistance at $4,100 Is Surpassed
The post Ethereum’s Monthly Triangle Pattern Suggests Potential Breakout Toward $8,000 If Resistance at $4,100 Is Surpassed appeared on BitcoinEthereumNews.com.
Ethereum is currently trading at $3,603 and is forming a monthly triangle pattern. If it breaks above the $4,100 resistance, analysts predict a potential rise to $8,000. SharpLink Gaming adds 83,561 ETH, but ETF outflows of $465M weigh on near-term price action. ETH holds $3,100 support as traders watch for breakout from long-term consolidation since 2021. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Ethereum’s price could target $8,000 as it compresses within a monthly triangle pattern, with key resistance at $4,100. ‘, ‘ 🔥 The Power of the TRON Ecosystem is Yours!Click now to discover exclusive opportunities! ‘, ‘ 💎 Profit Opportunities on the TRON NetworkJoin now to strengthen your investments! ‘ ]; var adplace = document.getElementById(“ads-htx”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex; adplace.innerHTML = adscodesHtx[adsindex]; sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexHtx”, sessperindex); } })(); Key Metrics Current Value Resistance Level Ethereum Price $3,603 $4,100 What is Ethereum’s Monthly Triangle Pattern? Ethereum (ETH) is trading at $3,603 and is compressing inside a large monthly symmetrical triangle. Analysts suggest that a breakout from this pattern could open the path toward the $8,000 price target. Multiple technical indicators and institutional activities are closely watched by market participants. How Does the Triangle Pattern Affect Price Predictions? ETH has been moving within…
