Analysts Identify Potential 10x Signal Developing on Ethereum Chart

• Analysts revealed a pattern on the Ethereum price chart that could signal the beginning of a significant rally.
• According to the hosts, a similar pattern in 2020 led to a 1,000% rally on the flagship altcoin.
• The analysts showed that after 600 days, ETH’s price has broken out of an ascending triangle.

Discover Crypto YouTube channel hosts have revealed a pattern on the Ethereum price chart that could signal the beginning of a significant rally. According to the hosts, a similar pattern in 2020 led to a 1,000% rally on the flagship altcoin.

In a recently uploaded video, the Discover Crypto hosts showed that after 600 days, ETH’s price has broken out of an ascending triangle. One of the hosts noted that the signal indicated that altcoins are starting to see increased volume. He also saw it as an indication that a bullish market for altcoins is about to kick in.

From Ethereum’s current price of around $2,500, a 10x return would see the top altcoin head towards $25,000. However, the hosts suggested that psychological barriers could affect ETH’s price development. One of the hosts noted that most users could target $10,000 for Ethereum by 2025. 

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