Ethereum Could Target $3,000 Once It Breaks Current Supply Levels – Analyst

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Ethereum Could Target $3,000 Once It Breaks Current Supply Levels – Analyst - NewsBTC

Quick Summary:

Runefelt’s analysis on X states that Ethereum is forming a symmetrical triangle pattern and could break out "any hour now.” According to Runefelt, the target for this potential breakout is $3,055, a level that could serve as a turning point for ETH’s short-term trend.

Price Testing Short-Term Supply Ethereum is trading at $2,750 after nearly two weeks of struggling to reclaim the $2,700 level.

Ethereum Consolidation Continues Ethereum investors are trying to stay calm amid ongoing volatility, but fear continues to grow that ETH could see further downside if it fails to reclaim key levels.