Cage Break $ETH

Ethereum for 4 years? Analysts say it’s about to become Parabolic 🚀

With gains of over 17% in the past seven days and a break above $2500, Ethereum looks bright again. Anticipating that its price will soon reach the stratosphere after a long consolidation phase, analysts painted a bright picture for the second-largest cryptocurrency by market capitalization.

Ethereum is poised for an explosion with equivalent price volatility

He stated he is somewhat optimistic, indicating a breakout was just around the corner. According to his accompanying chart, ETH could achieve this breakout at a new all-time high (ATH).

Although Ethereum's price is struggling to surpass $2600, the expert also pointed out that a recovery is already underway.

Even though Ethereum may dip slightly next week, he said the final rise has been confirmed. Upon examining ETH’s weekly chart, Skyrexio concluded that the cryptocurrency is on wave 3 of the Elliott Wave pattern. Claiming it to be a key confirmation for the bullish run, the analyst showed a green point on the bullish/bearish reversal bar indicator.

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