Exciting developments for Ethereum (ETH) as it confirms a significant breakout, setting the stage for a potential substantial price increase.
Key Observations:
Breakout Confirmation: Ethereum has successfully confirmed a daily candle close above the critical $2,140 level, validating the breakout from the ascending triangle formation.
Measured Move Projection: With the breakout in play, the measured move projection suggests a remarkable 50% increase. This could potentially propel the price of ETH to around $3,340.
Investor Implications:
Optimistic Momentum: The breakout and confirmation above $2,140 indicate a positive momentum shift in favor of Ethereum.
Measured Move Target: The 50% increase, if realized, would bring ETH to $3,340, presenting a compelling upside potential for investors.
Key Observations:
Breakout Confirmation: Ethereum has successfully confirmed a daily candle close above the critical $2,140 level, validating the breakout from the ascending triangle formation.
Measured Move Projection: With the breakout in play, the measured move projection suggests a remarkable 50% increase. This could potentially propel the price of ETH to around $3,340.
Investor Implications:
Optimistic Momentum: The breakout and confirmation above $2,140 indicate a positive momentum shift in favor of Ethereum.
Measured Move Target: The 50% increase, if realized, would bring ETH to $3,340, presenting a compelling upside potential for investors.
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.
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.