The Ethereum price is showing signs of a breakout, with an analyst identifying an inverse head and shoulder pattern on its long-term price chart. This formation suggests a potential trend reversal and has led to predictions that Ethereum could reach $12,000, a new all-time high. Despite recent price declines, the analyst remains optimistic about Ethereum's potential for a bullish reversal. Whales have also been observed accumulating Ethereum, indicating a potentially bullish price action.



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