📉 $ETH Struggles Amid Market Weakness
Ethereum has dropped 30% from November highs, entering a technical bear market. However, analysts see a potential reversal, with a megaphone pattern forming on the weekly chart.
📊 ETH Megaphone Pattern & Long-Term Outlook
Crypto analyst Titan of Crypto suggests ETH is setting up for a major surge. The pattern, which began in 2023, indicates a price target between $7,700 and $9,900 by 2026—a 178% to 258% increase from current levels.
📈 Short-Term Targets & Key Levels
ETH has seen weak inflows and selling pressure, losing market share to Solana and BNB Chain. The 50-day & 200-day moving averages have formed a death cross, a historically bearish signal. However, ETH is also forming a bullish pennant, which could invalidate the bearish outlook if ETH breaks above $3,000.
📌 What’s Next for ETH?
If ETH holds above $3,000, it could gain momentum toward higher targets. A drop below $2,520, however, could lead to a decline toward $2,160. Traders are watching these key levels for the next major move.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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