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Ethereum Faces Breakout Moment as Top Analyst Eyes $10K Bull Market Target


by Vignesh Karunanidhi
for CoinEdition
Ethereum Faces Breakout Moment as Top Analyst Eyes $10K Bull Market Target
  • Ethereum tests critical resistance after four years of altcoin consolidation.
  • Analyst sees a potential $10,000 target through an inverse head and shoulders pattern.
  • Gambardello says the altcoin market cap could reach $7 trillion once the breakout triggers.

Crypto analyst Dan Gambardello warns that Ethereum faces a make-or-break moment that could determine the entire altcoin market’s trajectory. The cryptocurrency currently battles upper trendline resistance after months of preparation for what he describes as an inevitable explosive move.

Gambardello points to four years of compression in the altcoin markets, creating a coiled spring effect that awaits the right catalyst. Ethereum’s price action serves as the primary indicator for when this breakout will materialize, with the analyst tracking specific technical levels that could trigger widespread gains.

The post Ethereum Faces Breakout Moment as Top Analyst Eyes $10K Bull Market Target appeared first on Coin Edition.

Read the article at CoinEdition

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Ethereum Faces Breakout Moment as Top Analyst Eyes $10K Bull Market Target


by Vignesh Karunanidhi
for CoinEdition
Ethereum Faces Breakout Moment as Top Analyst Eyes $10K Bull Market Target
  • Ethereum tests critical resistance after four years of altcoin consolidation.
  • Analyst sees a potential $10,000 target through an inverse head and shoulders pattern.
  • Gambardello says the altcoin market cap could reach $7 trillion once the breakout triggers.

Crypto analyst Dan Gambardello warns that Ethereum faces a make-or-break moment that could determine the entire altcoin market’s trajectory. The cryptocurrency currently battles upper trendline resistance after months of preparation for what he describes as an inevitable explosive move.

Gambardello points to four years of compression in the altcoin markets, creating a coiled spring effect that awaits the right catalyst. Ethereum’s price action serves as the primary indicator for when this breakout will materialize, with the analyst tracking specific technical levels that could trigger widespread gains.

The post Ethereum Faces Breakout Moment as Top Analyst Eyes $10K Bull Market Target appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ethereum (ETH) Price Prediction for August 9

Ethereum (ETH) Price Prediction for August 9

Ethereum price has extended its recovery, climbing from the August 5 low near $3,450 ...
Ethereum (ETH) Price Prediction for August 8

Ethereum (ETH) Price Prediction for August 8

After rising above $3,800 in July, Ethereum price is consolidating just below a key s...