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The Ethereum price has broken out exactly as we predicted in our previous analysis Urgent! $1,830 The Most Important Support For ETH! But despite this current surge in prices, we still believe the bullish rally might still be far from over just yet.
In this Ethereum analysis, we will be breaking down the key levels we are currently watching and what we believe might happen next.
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ETH Bullish Rally Far From Over!
The pattern we are still tracking is the Triangle breakout pattern, This key pattern has been in play for days now in the ETH 4-hour timeframe.
And the most important thing about this Triangle Breakout is that it has a standard bullish target for a price rally and we believe there is a very high probability for us to see Ethereum smash this bullish target in the coming days.
That bullish target is the $2,074 price region. So in the coming days, we will be watching to see if the Ethereum bullish rally continues.
Final Verdict!
The Ethereum price is currently playing out exactly as we predicted. However, there is a very high probability that the ETH rally is far from over.
The standard target for the bullish Triangle Pattern that we have been tracking for weeks now is the $2,074 price region. So we believe that Ethereum might rally to this region in the coming days before we face any major resistance.
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