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Ethereum (ETH) Price: Multiple Indicators Suggest Major Breakout Ahead

  • Analysts predict Ethereum (ETH) could reach $15,000 this cycle, representing a potential 458% surge from current levels, with multiple experts identifying bullish chart patterns
  • Technical analysis shows a symmetrical triangle pattern and a head and shoulders formation on ETH’s weekly chart, suggesting possible breakout targets between $5,000-$7,000
  • ETH price movements are being compared to copper markets, similar to how Bitcoin correlates with gold, providing a new framework for price analysis
  • The upcoming Pectra upgrade scheduled for April 8, with testnet activations in February and March, is contributing to bullish sentiment

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