Ethereum

Bitcoin

April

While Bitcoin (BTC) continues its volatile movements in recent days, the largest altcoin Ethereum (ETH) has a stronger stance. 
According to Coindesk, ETH, which has exceeded $ 3,000 for the first time since April 2022 with the recent rise, may reach $ 5,200 according to recent reports. 
According to analysis from Kraken OTC, ETH could reach $5,200 if it can break the ascending triangle formation. 
Kraken used the Japanese technical analysis tool Ichimoku Cloud indicator in its OTC analysis. 
Stating that the indicator currently offers a bullish outlook for Ethereum at this point, Kraken OTC analysis revealed that the critical level to watch is $ 2,141. 
A close below $2,141 in ETH will invalidate the ascending triangle formation. 
<blockquote> 
 “The Ichimoku Cloud indicator offers a bullish outlook for ETH. According to the weekly Ichimoku Cloud indicator, ETH could reach $5,200 if it breaks the ascending triangle formation. 
 The critical level to watch is $2,141. Because ETH did not fall below $2,141, which is the key pivot on the weekly chart and the upper limit of the ascending triangle formation. 
 “A break below this level will invalidate the bullish formation.” 
</blockquote> 
Ethereum continues to trade at $2,996 at the time of writing. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/new-ath-forecast-for-ethereum-eth-from-kraken-analysts/">New ATH Forecast for Ethereum (ETH) from Kraken Analysts!</a>

New ATH Forecast for Ethereum (ETH) from Kraken Analysts!

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