Ethereum

Rally

Universe

Resistance

Captain

<p>Ethereum has seen positive momentum resurge recently and is now trading back above the key $2,400 level. Multiple influential crypto analysts spot signs of growing bullish conviction centered around a major technical breakout:</p> 
<p>Captain Faibik <a href="https://twitter.com/CryptoFaibik/status/1744936524909858888" target="_blank" rel="noreferrer noopener nofollow">inspected </a>ETH’s daily chart, identifying the development of a robust ascending triangle targeting a move towards $3,000 once resolved upwards. This long-term base signals a pending bullish continuation.</p> 
<p>Fellow chartist Universe of Crypto <a href="https://twitter.com/UniverseCrypto7/status/1745013838955872662" target="_blank" rel="noreferrer noopener nofollow">agreed</a>, highlighting a falling wedge pattern on the weekly timeframe that is also on the verge of breaking out. Successfully clearing resistance opens the door for fresh all-time highs.</p> 
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<p>Adding color, trader Skew <a href="https://twitter.com/52kskew/status/1744952513273762298" target="_blank" rel="noreferrer noopener nofollow">notes</a> the $2,320 to $2,382 zone has been stubborn resistance for Ethereum, rejecting advances repeatedly. But gaining and holding a foothold above $2,400 likely confirms the upside resolution of these structures.</p>  
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<p>Both daily momentum and the reclaimed 4-hour 50 EMA showcase command buyers in the near term as ETH pushes towards its next test around $2,500.</p> 
<p>And excitement continues to build ahead of a long-awaited Bitcoin spot ETF approval announcement, which could provide an added catalyst boost.</p> 
<p>In summary, analysts spot Ethereum price action healthily developing within textbook bullish continuation patterns spanning different time horizons. The converging signals point to an imminent upside breakout likely unfolding across February.</p> 
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<p>The post <a href="https://captainaltcoin.com/ethereum-breaches-key-resistance-where-it-faced-multiple-rejections-analyst-shares-next-eth-target-as-price-moves-beyond-2400/">Ethereum Breaches Key Resistance Where It Faced Multiple Rejections, Analyst Shares Next ETH Target As Price Moves Beyond $2,400</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Ethereum Breaches Key Resistance Where It Faced Multiple Rejections, Analyst Shares Next ETH Target As Price Moves Beyond $2,400

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