ETH to the 4800+-?
The ETH chart shows recurring patterns: periods of strong growth (green circles) followed by consolidation (yellow and orange circles). After breaking the descending trend line, the price indicates a shift to a bullish sentiment. A short-term consolidation is expected, followed by a strong bullish move. Bullish momentum, supported by MACD and volume indicators, will lead to the target price of $4800. The BBO-Faust indicator also suggests potential for growth. ETH should overcome intermediate resistance levels and reach the final target price.
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