ETH reached its technical target of $4K from the ascending triangle (Jul '22-Oct '23).ETH appears to be back in the multi-year range between $1.9K-$4K. If the Bull Market continues, the current macro pattern could develop into a flat top broadening wedge with a target of $11.7K.
Invalidation if it fails to break $4K, or falls to Hades.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.