๐๐ CAN ETHEREUM REACH 3000$ ๐๐
Ethereum price has formed a large symmetrical triangle pattern on the monthly timeframe. This pattern is made of lower highs and higher lows, compressing ETHโs price into a narrowing range. The upper boundary connects the highs from 2021 and 2024, while the lower boundary has formed from the 2022 bottom and recent 2025 lows.
its also pointed out that this pattern could be the base for a large upward move. โThis congestion pattern could support a moon shot,โ he stated. He also mentioned that he generally avoids commenting positively on Ethereum price but sees technical strength in the current chart structure.
The ETH price bounced from the lower support of the triangle around $1,728 and $2,150 and closed the May 2025 bar at $2,314.46, with a monthly gain of $520.49. if Ethereum price breaks above the triangle resistance around $2,850โ$2,900, the price could reach between $5,600 and $6,000.
So let me know what you think ๐๐ป๐๐ป
