Ethereum Could Rally Tenfold Following Historical Trends Signals: Analyst
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- Discover Crypto has spotted signals that could lead to a 10x rally on Ethereum.
- Ethereum broke out of long-term horizontal resistance to kickstart the previous bull cycle.
- Ethereum rallied 10x after breaking above the overbought RSI level in 2020.
YouTube channel Discover Crypto’s host has spotted signals that could lead to a 10-time rally on Ethereum in the next year. In a recently uploaded video, the host used Ethereum’s historical behavior to interpret the current trend, highlighting that a significant bull run could be close.
According to the Discover Crypto host, Ethereum broke out of long-term horizontal resistance to kickstart the previous bull cycle. Using the ETH/USD daily chart on TradingView, the host showed that the horizontal resistance channel lasted approximately 1,029 days. He noted that the flagship altcoin surged rapidly shortly after the breakout.
The channel host showed that in just about 130 days after the breakout, Ethereum rallied by more than five times. He compared the 2020 Ethereum price behavior to its current trend pattern, showing some crucial similarities that …
The post Ethereum Could Rally Tenfold Following Historical Trends Signals: Analyst appeared first on Coin Edition.
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