Ethereum’s 5-Year Triangle Pattern Nears Potential Breakout Amid Bullish Monthly MACD Signal
2025-07-18 09:41:24
Main Idea
Ethereum's 5-year triangle pattern and bullish monthly MACD signal a potential major breakout, with a $10K target supported by ETH/BTC strength and declining volatility.
Key Points
1. Ethereum's 5-year triangle pattern suggests a major breakout, with previous breakouts in 2020 and 2023 leading to extended bullish runs.
2. The monthly MACD is nearing a bullish crossover, its first in 18 months, historically preceding significant price rallies.
3. The ETH/BTC ratio is strengthening, indicating potential upside for Ethereum compared to Bitcoin.
4. The RSI remains in a neutral range, suggesting Ethereum has room for further price increases before becoming overbought.
5. Analysts highlight these factors as indicators of a potential rally that could push Ethereum toward $10,000.
Description
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