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Ethereum’s Next Move? Technical Chart Hints at Major 2025 Rally
- Ethereum is showing a bullish “cup and handle” formation, hinting at a potential rally.
- Current ETH price stands at $2,552.46 with moderate upward momentum.
- Analysts predict price targets surpassing $4,200 by late 2025, with some projections exceeding $5,500.
- Ethereum's advancements include improved efficiency, speed, and scalability, making it attractive for various applications.
- ETH is seen as a vital component of the future Web3 system.
- Despite the recent 1.02% price increase, ETH is experiencing consolidation due to decreasing trading volume.
- Analysts note a U-shaped price movement indicating market consolidation.
- Experts detect a potential “cup and handle” pattern on Ethereum's weekly chart, suggesting a positive sign for a significant upward move.
- If Ethereum breaks above $2,950, it could target $4,204 by late 2025 based on the cup and handle pattern.
- Predictions for Ethereum's 2025 price range from $2,669 to above $5,500, with varying views from different sources such as DigitalCoinPrice and Changelly.
- Chart analysis implies a notable price surge may occur upon a breakout with strong volume and momentum.
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