Ethereum

bullish

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<p>Ethereum price is waking up this week and is now trading just slightly below $3.7k.</p>
<p>Popular crypto analyst “Wolf” updated his ETH price outlook in a viral tweet today. He compared Ethereum’s movement to the one XRP holders experienced.</p>
<h2 class="wp-block-heading" id="analyzing-the-patterns">Analyzing the Patterns</h2>
<p>The cryptocurrency market is showing intriguing similarities between <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> and Ethereum’s price trajectories. Both cryptocurrencies have been forming multi-year symmetrical triangles since 2021, creating a compelling narrative of potential breakout movements.</p>
<p>XRP has already made its move, breaking above the $1.00 mark and surging over 200% to a target of $1.8937. This breakout has been sharp and decisive, confirming a bullish continuation after a prolonged consolidation phase. The measured move aligns perfectly with the height of the triangle added to the breakout point.</p>
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   <p lang="en" dir="ltr">A 3-year compression triangle often leads to a massive breakout, just like we saw with <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> and its 3x surge. <br><br>Once <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> breaks 4k, expect something similar. <a href="https://t.co/dq1I5RTmyA" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/dq1I5RTmyA</a></p>— Wolf <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@IamCryptoWolf) <a href="https://twitter.com/IamCryptoWolf/status/1862828010719559951?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 30, 2024</a>
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<h2 class="wp-block-heading" id="ethereum-s-potential-breakout">Ethereum’s Potential Breakout</h2>
<p>Ethereum is currently following a similar pattern, testing the upper boundary of its triangle near $3,700. Analysts are watching closely for a potential breakout above $4,000, which could trigger a significant price movement. If this occurs, the measured move could target an impressive $7,700 – mirroring the explosive rally recently seen with XRP.</p>
<p>The technical analysis suggests that Ethereum is at a critical juncture. A confirmed breakout could lead to substantial upward momentum, with the lower boundary of the triangle near $2,800 serving as a critical support level. Immediate resistance lies at $4,000, with $5,000 potentially acting as a psychological barrier during the rally.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/fantom-ftm-price-pumps-amid-ongoing-sonic-labs-developments/" target="_blank" rel="noopener noreferrer nofollow">Fantom (FTM) Price Pumps Amid Ongoing Sonic Labs Developments</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/how-will-ethereum-mirror-xrps-price-pump-analyst-insights/" rel="noopener noreferrer nofollow">How Will Ethereum Mirror XRP’s Price Pump: Analyst Insights</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How Will Ethereum Mirror XRP’s Price Pump: Analyst Insights

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