The post Ethereum Price Analysis: ETH Price Poised For Significant Breakout Ralling 35% appeared first on Coinpedia Fintech News
In a recent strategy session, trader DonAlt outlined a scenario where Ethereum (ETH) could experience a significant rally. Currently, ETH is consolidating just below its key resistance level at $1,935, and according to DonAlt, further consolidation at these prices could lead to a breakout.
But do you think Ethereum will rally 35% and shatter its resistance level? Here’s how it’s possible.
DonAlt believes that if Ethereum remains in this consolidation phase for a few more weeks, the resistance level could be overcome, resulting in a potential upward move. He emphasizes that a close above $1,935 would make it highly likely for Ethereum to climb higher.
A possible scenario, “You get a close above ($1,935), I think it’s pretty likely that you’re going to go higher.”
The trader suggests that a break above $1,935 could ignite a rapid rally, pushing E
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