$ETH

Ethereum (ETH) has recently entered an accumulation phase, which has shown some slowdown after a significant rally earlier this year. Analysts are predicting a potential breakout as ETH remains within a symmetrical triangle, a pattern that often precedes bullish moves. However, it seems that the breakout might take some more time to fully materialize due to profit-taking and active liquidation of long positions. As of now, ETH is likely to continue oscillating between support and resistance levels until the market shows clearer signs of a breakout.Looking ahead, many analysts are optimistic about Ethereum's long-term prospects, with projections placing its future price as high as $10,000-$15,000 by mid-2025.This is driven by Ethereum's ongoing upgrades, particularly the transition to Ethereum 2.0 and its role in the DeFi ecosystem. Additionally, increased institutional interest and the growing use of Ethereum for decentralized applications (dApps) are expected to propel its price even higher over the coming years.

However, the pace of these developments will influence the timing of any substantial price moves.

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