$ETH

🚨 Ethereum Price Analysis Amid Bullish Breakout 🚨

Ethereum price recently broke out of a descending parallel channel on the daily chart, which is often a sign that the altcoin has overcome the recent downtrend, and it is eyeing an upward trend. This breakout is also confirmed by the AO bars that have crossed above the zero line, suggesting that the

bullish momentum is growing strong.

The RSI is tipping north, and it has crossed above 50, which is also an indication that bulls are in control and a rally is likely. If ETH can overcome the resistance at $2,025, its next target price is $2,700 and eventually $3,500.

To sum up, Ethereum price is flashing several bullish signals, including whale accumulation and an ongoing network proposal to bolster network scalability. As these bullish factors align, traders should watch out for a rally of around 30%, which will match the average returns that ETH often sees in May.

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