🚀$ETH targets $9500 amid accelerating bullish momentum!
The price of (ETH) is currently trading at $4,463.26, following a clear breakout of the critical resistance level at $4,000, indicating the beginning of a strong bullish phase.
According to the analysis by melikatrader94 on TradingView, the Right Angle Broadening Formation (RABF) that has formed since March 2024 is one of the strongest technical setups for trend continuation, suggesting that buyers have become more aggressive with each bounce.
📈 In recent days, ETH has risen by 20% in 24 hours and 45% over the week, reflecting strong momentum.
The last bounce from the support line was in April 2025 at $1,470, and since then, the price has increased by 194%, and it is now trying to break through the upper line of the pattern.
🎯 Using the concept of measured move, the breakout target is estimated at $6370, and if positive sentiment continues, the price could reach $9500 during the current cycle.
This scenario requires a strong daily close above $4,300 with high trading volume to confirm the breakout.
💬 Recent analyses indicate that the market remains active, with an increase in trading volume and a market cap of approximately $517 billion, showing growing interest from investors.
Additionally, the ETH2.0 upgrade boosts confidence in the network and contributes to price support.
⚠️ If ETH fails to hold above $4,300, the next support levels are $3,700 and $3,200, which may form new bounce points.
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