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This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4

Published 10/18/2021, 12:35 PM
Updated 10/18/2021, 02:20 PM
BTC/USD
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ETH/USD
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Ethereum's native token Ether (ETH) has rallied by more than 415% this year to over $3,800, and two major bullish patterns developing on its charts highlight the scope for another upside move, ultimately toward the $6,200–$6,500 price range.

The first decisive break above the psychological $4,000-mark, which serves as a resistance trendline to a five-month-old ascending triangle and a cup and handle pattern, could trigger a textbook price rally in the coming sessions.

ETH/USD daily price chart featuring Ascending Triangle (black) and Cup & Handle (blue) pattern. Source: TradingView
Bitcoin vs. Ethereum — Post BTC halving growth trajectory. Source: Ecoinometrics
Ethereum total value in ETH 2.0 deposit contract. Source: Glassnode
Ethereum reserves across all exchanges. Source: CryptoQuant

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