- According to Ali, Ethereum is retesting its breakout zone from an ascending triangle.
- The analyst thinks Ethereum is hinting at preparation for a further climb.
- Ali sees $2,150 to $1,900 as the ideal zone for accumulation before ETH continues toward $3,500.
A famous cryptocurrency analyst identifying as Ali on X (formerly Twitter) has spotted a significant development in Ethereum’s daily chart. In a recent post, Ali showed that Ether is retesting its breakout zone from an ascending triangle, hinting at preparation for a further climb.
#Ethereum is currently retesting its breakout zone from an ascending triangle, hinting at preparation for a further climb.The price range between $2,150 and $1,900 could be the ideal zone for accumulation before #ETH sets its sights on a higher target of $3,500. pic.twitter.com/6lGZT0ZKgv
— Ali (@ali_charts) December 20, 2023
According to Ali, the price range between $2,150 and $1,900 could be the ideal zone for accumulation before ETH sets its sights on a higher target of $3,500. That range signifies the nearest historical resistance levels that Ether’s upside movement has converted to support. They also envelope the si…
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