Analysis: The ETH chart technical indicator shows that it may pump 97% in the next four months.

DailyNews

2024-12-01 03:40:55

ETH-4,67%

X-0,73%

Odaily Planet Daily News According to an anonymous Cryptocurrency trader venturefounder, recently wrote on X that ETH has formed a convincing pattern on the price chart, indicating a potential 97% pump in the next four months. It points out, “ETH is forming a 3-year cup and handle pattern; if the support level of 3800 USD is confirmed, then it is about to complete now.”

venturefounder predicts the first target price of ETH to be $5,349, followed by $6,457, and the third target price is $7,238, which is expected to be reached by the end of the first quarter of 2025. (Cointelegraph)

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