#ETHOnTheRise

ETH Breaks Historical Barriers, Is the Market Waiting for a Major Bull Wave?

Ethereum (ETH) has made a significant breakthrough by surpassing long-term resistance, which had previously caused its price to plummet during the bear market of 2022. This development is seen as a major turning point, marking the end of a three-year accumulation phase and opening up the potential for a strong bull cycle.

Technical analysis and price forecast

1. Long-term symmetrical triangle broken

• ETH has surpassed the resistance level of $3,800, completing a symmetrical triangle pattern on the weekly chart.