According to analyst MikyEdge, Ethereum's price is currently consolidating near $3,300 and is showing signs of an imminent breakout. A symmetrical triangle pattern on the ETH/USDT chart suggests a potential strong upward move towards $4,000. Traders are closely monitoring the next key movements, with immediate resistance at $3,380 and solid support at $3,200. The Relative Strength Index indicates neutral momentum and room for further price growth, while the price is aligned with its moving averages. If the breakout occurs, Ethereum's price could potentially gain around 21%, reaching $4,000. MikyEdge's analysis has gained attention and generated optimism among the wider crypto community. Traders are eagerly watching for a breakout above $3,380 to confirm bullish momentum and attract new interest from investors.
Content Editor ( cryptonewsland.com )
- 2025-01-27
Ethereum Price Poised for Breakout with $4,000 Target in Sight
