Ethereum

Rally

World

Bitcoin

Diamond

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 <p>Ethereum (<a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>) appears primed for a significant price rally based on positive technical indicators. According to CryptoJobs founder Carl from The Moon, Ethereum has broken out of a diamond price pattern he highlighted earlier. Diamond patterns often precede major upside moves when broken to the upside.</p>
 <p><strong>Also read:&nbsp;Ripple (XRP) Price Prediction: November 2023</strong></p>
 <h2 class="wp-block-heading" id="h-ethereum-could-hit-4-000">Ethereum could hit $4,000</h2>
 <p>Dan Tapiero, founder of digital asset fund 1RT, also noted the breach of $2,200 resistance for Ethereum, suggesting a rapid rally to $4,000 may follow.</p>
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    <p lang="en" dir="ltr">Here we go again for #Ethereum holders.<br><br>Break of 2200 going to 4k pretty quickly.<br><br>Seems hard to imagine but digital asset ecosystem (#DAE) continues to expand…<br><br>…despite the fact that #<a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> price still down -50% from the highs…<br><br>…as Real World Use Cases exploding. pic.twitter.com/lNLjDNr9Df</p>— Dan Tapiero (@DTAPCAP) November 6, 2023
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 <p>Tapiero argued Ethereum adoption continues to expand through real-world use cases, despite ETH prices languishing -61% below all-time highs.</p>
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 <p>Examples of growing Ethereum utility include surging decentralized finance activity, stablecoin usage, non-fungible token volumes, and institutional custody figures.</p>
 <p>Yet with positive technical factors aligning amid broadening utility for Ethereum’s blockchain, analysts contend <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> looks primed for an upside breakout.</p>
 <p><strong>Also read:&nbsp;MicroStrategy Buys 155 More Bitcoin in October</strong></p>
 <p>If key resistance levels are decisively breached, Tapiero’s $4,000 target could quickly come into play. According to CoinGecko data, <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> is up by 15.7% over the last 30 days.</p>
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 <p>Ethereum bulls will be closely eyeing wh<a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>er this latest price pattern breakout finally translates into a sustained rally for the world’s second-largest cryptocurrency.</p>
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  <li>ETH</li>
  <li>ethereum</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-breaks-out-of-diamond-price-pattern-poised-for-rally-tbt69256.html">https://thebittimes.com/ethereum-breaks-out-of-diamond-price-pattern-poised-for-rally-tbt69256.html</a></p>

Ethereum Breaks Out of Diamond Price Pattern, Poised for Rally

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TheBitTimes

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