Ethereum Nears Potential Breakout From Three-Year Triangle With Targets Between $10K and $20K

Key Points

1. Ethereum's monthly MACD crossover and RSI at 82.87 indicate strong bullish momentum, similar to trends seen before major rallies.

2. The price is currently near the $4,200 resistance level, with the upper Bollinger Band at $4,169.07 acting as a psychological barrier.

3. A breakout above the $4,800 resistance could trigger a parabolic rally targeting $10,000–$20,000 by 2026, while failure to break may lead to retracements to support zones at $3,400, $3,000, or $2,000.

4. The ascending triangle pattern, with a base near $1,000 and resistance around $4,800, suggests a pivotal breakout opportunity if the resistance is breached.

5. Historical comparisons show Ethereum surged from $250 to $4,800 between 2020 and 2021, with similar potential projected for the current setup.