Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867

Quick Summary:

Triangle patterns often signal a period of consolidation before a strong move in either direction and in Ethereum’s case, the supporting trendlines and Fibonacci levels suggest a higher probability of an upward breakout.  Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 The specific pattern forming on Ethereum’s chart is an ascending triangle, a bullish continuation pattern characterized by a rising lower trendline and a horizontal resistance zone.

Related Reading: Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 The strength of this support trendline is further reinforced by key Fibonacci levels, which have previously served as inflection points for Ethereum’s major rallies.

Extremely Strong Support Shows Ethereum Breakout Is Close As revealed by a technical analyst on the TradingView platform, technical analysis of the Ethereum price poses a bullish outlook to finally break above its all-time high of $4,878.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomNorth Korea

Topics: Eth price Ethusd Ethereum news EMA Ethereum Bitcoin ETHUSDT Exponential Moving Average ETH news Fibonacci Level ETH Ethereum price Ethereum

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-21 @ 18:00:32 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 439 words

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Sentences: 63 lines

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