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Ethereum Eyes Breakout After Cup-and-Handle Formation: Can It Hit $3,255? TheNewsCrypto vor 6 Tagen

Ethereum Eyes Breakout After Cup-and-Handle Formation: Can It Hit $3,255? 📈

Ethereum (ETH) is currently developing a bullish cup-and-handle pattern on its daily chart. This formation indicates a potential breakout as the cryptocurrency sustains support above the 200-day exponential moving average set at $2,457.

Presently trading at approximately $2,509, ETH has been consolidating within a well-defined range. Traders are keeping a keen eye on signals for a breakout above crucial resistance levels. If successful, Ethereum could potentially target the $3,255 mark, igniting renewed interest in the market.

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