Ethereum

Coin

<ul class="news-points"> 
 <li>Breakout patterns on ETH’s weekly chart suggested that the altcoin may rise to $3K in the next few months.</li> 
 <li>If these patterns are validated, the altcoin’s price may enter into a rally between the end of this year and Q1 of 2024.</li> 
 <li>According to CoinMarketCap, ETH’s price dropped 2.40% in the past 24 hours, which left it trading at&nbsp; $1,575.07.</li> 
</ul> 
ETH’s short-term performance has been poor, to say the least. The altcoin leader’s price dropped over the past 24 hours, which also pushed its weekly and monthly performances further into the red zone. Despite this short-term bearish momentum, break-out patterns on ETH’s weekly chart suggested that the altcoin may rise to $3K in the next few months. 
<figure class="wp-block-image size-full"> 
 <img decoding="async" width="940" height="396" src="https://coinedition.com/wp-content/uploads/2023/09/image-23.png" alt="Weekly chart for ETH/USDT (Source: TradingView)" class="wp-image-335314" srcset="https://coinedition.com/wp-content/uploads/2023/09/image-23.png 940w, https://coinedition.com/wp-content/uploads/2023/09/image-23-300x126.png 300w, https://coinedition.com/wp-content/uploads/2023/09/image-23-313x132.png 313w, https://coinedition.com/wp-content/uploads/2023/09/image-23-380x160.png 380w, https://coinedition.com/wp-content/uploads/2023/09/image-23-768x324.png 768w, https://coinedition.com/wp-content/uploads/2023/09/image-23-696x293.png 696w, https://coinedition.com/wp-content/uploads/2023/09/image-23-127x54.png 127w, https://coinedition.com/wp-content/uploads/2023/09/image-23-159x67.png 159w, https://coinedition.com/wp-content/uploads/2023/09/image-23-255x107.png 255w, https://coinedition.com/wp-content/uploads/2023/09/image-23-795x335.png 795w, https://coinedition.com/wp-content/uploads/2023/09/image-23-440x185.png 440w, https://coinedition.com/wp-content/uploads/2023/09/image-23-414x174.png 414w, https://coinedition.com/wp-content/uploads/2023/09/image-23-326x137.png 326w, https://coinedition.com/wp-content/uploads/2023/09/image-23-377x159.png 377w, https://coinedition.com/wp-content/uploads/2023/09/image-23-328x138.png 328w, https://coinedition.com/wp-content/uploads/2023/09/image-23-144x61.png 144w, https://coinedition.com/wp-content/uploads/2023/09/image-23-123x52.png 123w, https://coinedition.com/wp-content/uploads/2023/09/image-23-129x54.png 129w" sizes="(max-width: 940px) 100vw, 940px"> 
 <figcaption class="wp-element-caption">
 Weekly chart for ETH/USDT (Source: <a href="https://www.tradingview.com/x/aFnIS4uE/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>) 
 </figcaption> 
</figure> 
Investors and traders will want to take note of the 2 break-out patterns that have formed on ETH’s weekly chart. Zooming out on the chart revealed that a symmetrical triangle chart pattern formed on ETH’s weekly chart over the past few months. This suggested that the altcoin’s price may enter into a rally between the end of this year and Q1 of 2024. 
Also Read: <a href="https://coinedition.com/ethereum-eth-price-prediction/" rel="noopener noreferrer nofollow">Ethereum Price Prediction</a> 
If this breakout is towar… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ethereums-eth-weekly-chart-reveals-possible-3k-target/">Ethereum’s (ETH) Weekly Chart Reveals Possible $3K Target</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Ethereum’s (ETH) Weekly Chart Reveals Possible $3K Target

Coin Edition

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