$ETH 1W Chart | Cycle Top

Ethereum has shown an impressive recovery and appears to be forming a Descending Broadening Wedge pattern 🧐

This pattern is almost identical to the one we saw in 2019-2020.

The outlook is very bullish at the moment.

We are testing the resistance for the third time, and I believe that this time we will break through 📈

[We might see a 10-15% pullback in this area (purple circle 🟣) before that happens.]

If we do break this formidable resistance, $ETH is likely to rally significantly. In that case, a new all-time high is almost certain 🚀

🎯 Cycle Top Target: $8-10K