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The price of Ethereum finally came out of Consolidation with the length of months The pattern, signaling the possible beginning of a significant stubborn movement. A recent breakthrough of the growing triangle formation suggests that ETH is set to greater profits, and the cryptographic analyst suggests a price of USD 7,800 in the coming months.
The price of Ethereum has 7700 USD ATH
It is believed that the price of Ethereum is focused on the up-to-date highest level in history 7800 USD after the last breakthrough with A growing triangle. For months, cryptocurrency has been trading in this classic pattern of stubborn charts, in which prices produce higher minima, facing powerful resistance at a constant level.
This pattern of consolidation was vigorous from the end of 2024, establishing Sturdy resistance of 4000 USD. Tradingview analyst SOHIBFX MA anticipated that if Ethereum can exceed this level of resistance, it will confirm the stubborn trend, which leads to a powerful Continuation up at its price.
Looking at the analyst’s price table, Ethereum spent several months, navigating from 2000 to 4000 USD in the first quarter of 2025. This region represented this region Accumulation phase Where the buyers quietly built their positions while waiting for a potential rally.
AND Decreasing channel Marked in Orange on the price chart, it also shows that Ethereum experienced a significant withdrawal in half until the end of 2024 before the explosion. It was probably the last shock before he regained his stubborn shoot.
According to Sohaibfx, the measured movement of the growing triangle suggests that Ethereum is ready for an explosion 333% height up to 7,800 USD. This stubborn goal is calculated by determining the height of the triangle, which is the difference between its base at the level of USD 2000 and the level of resistance at 4000 USD.
When the price exceeds the resistance, the common method of estimating the possible next move is to add a triangle to a breakthrough point, which gives a technical target of 6000 USD. However, based on the preservation of earlier prices and Sturdy shopping rushThe price of Ethereum can push even higher, with $ 7,800 is a key psychological level.
Support levels and shoot indicators for viewing
In its price analysis, Sohaibfx indicated the price level of 4000 and 3000 USD as Support levels for Ethereum. This support should act as a safety network in which the buyers will probably enter to prevent further decline after reaching the expected goal 7,800 USD.
Going further, the analyst emphasizes the key shoot indicators that should be monitored. While the analytics chart does not specify indicators such as the divergence of movable convergence (MacD) or Relative strength indicator (RSI)The acute movement of Ethereum suggests that a powerful shoot will be a significant cause of its growth to the up-to-date ATH.
Sohaibfx advised salesmen to watch out for RSI levels above 70, like Assumed conditions It can signal a potential withdrawal, while Ethereum is approaching higher levels.
A distinguished picture from Adobe, chart from TradingView.com
