Amid waning market momentum, Ethereum, the second-largest digital asset, is displaying a notable downswing, falling to multiple support levels. However, with recent developments cited on its chart, the altcoin might witness a major rally that could send ETH to a new all-time high in the upcoming months.

Key Breakout To Drive Ethereum’s Next Big Move

Delving into Ethereum’s current price action, Captain Faibik, a market expert and enthusiast, pointed out that ETH has undergone a critical chart pattern breakout, triggering hope among investors toward its future price performance to unprecedented levels.

This key chart pattern is a massive Triangle formation, which has been developing for more than 2 years. Specifically, this breakthrough from the massive Triangle pattern indicates a substantial change in market momentum and raises the possibility that Ethereum is preparing for a powerful rally.

Considering the magnitude of the breakout, Captain Faibik claims that the 2024-2025 ETH bull run has officially begun, expressing his confidence in the development to push the asset toward new all-time highs. As a result, the market expert believes that the mid-target for the altcoin is set at the $10,000 price level.

According to Captain Faibik, ETH’s path to the $10,000 milestone is programmed, citing key technical indicators that reflect bullish sentiment as the digital asset breaks past significant

Go to Source to See Full Article
Author: Godspower Owie