Ethereum Price Analysis: Ascending Triangle & Exchange Exodus Signal $10K Breakout

Quick Summary:

The struggling Ethereum price may be on the cusp of a monster surge after forming a multi-year ascending triangle pattern.

This potential rebound may also be driven by the plummeting exchange reserves that could see Ethereum price hit $10k in the near term.

The ascending triangle is also characterized by a horizontal resistance.

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Article Details

Author / Journalist: crispus

Category: Crypto

Markets: India

Topics: ETH Price Analysis Ethereum Analysis Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-18 @ 13:00:20 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 47 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26252781

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Main Topics: Crypto

Official Website: coingape.com

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