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Ethereum Price Prediction: Crypto Analyst Says Things Are ‘About To Get Interesting’

The Ethereum price started the new week by extending last week’s gains, which kicked off after it bounced off support at $2,350. This run has seen the Eth

Marcus Blakumen's avatar
Marcus Blakumen
Oct 21, 2024
∙ Paid

The Ethereum price started the new week by extending last week’s gains, which kicked off after it bounced off support at $2,350. This run has seen the Ethereum price now pushing towards resistance at $2,800, which the bulls look forward to breaking before the week runs out.

In light of the recent Ethereum price move, a crypto analyst has noted that the leading altcoin is gearing up for a massive move, and things are about to get interesting.

Things Are About To Get Interesting With The Ethereum Price

According to the analyst, known as @IamCryptoWolf on social media platform X, the current market conditions and technical setup suggest that Ethereum could be gearing up for a significant breakout, hinting that “things are about to get interesting.

The prediction is based on an analysis of Ethereum’s price action against the US dollar (ETH/USD) on a 3-day candlestick timeframe, where the analyst has identified the formation of an inverse head and shoulders pattern.

This inverse head-and-should…

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