ETHUSDT - Long-Term Ethereum Analysis
On the weekly timeframe, Ethereum’s price is forming a symmetrical triangle pattern, approaching its apex, which increases the probability of a breakout.
• Key resistances: 4,188.68 and 8,011.58
• Key supports: 2,568.76
Based on the pattern:
1. If it breaks upward, the price could potentially reach higher levels, such as $8,000.
2. If it breaks downward, a correction towards the $2,568 support level might occur.
The overall trend indicates that Ethereum has significant long-term growth potential, especially if it holds above critical support levels.
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