ETH is currently forming an ascending pattern, which is a bullish indicator suggesting potential upward movement. This pattern typically signals increasing buying momentum and a continuation of the trend. The target price for ETH, as indicated by technical analysis, is shown in the chart. If this pattern continues to develop as expected, it could lead to significant gains in the near term. Traders should watch for a breakout above the resistance level, as this would confirm the bullish trend and help set a clear path toward the target. Additionally, it's essential to monitor volume trends and any potential signs of divergence to ensure that momentum remains strong.
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