$ETH #boga Ethereum (ETH) Nears Major Breakout, Eyes on $4,000 Target.

Ethereum (ETH), the second-largest cryptocurrency by market cap, is on the verge of a significant rally, according to leading crypto analyst Jelle. In a recent tweet, Jelle noted a potentially bullish structure for Ethereum, stating that ETH is close to breaking out of a falling wedge.

The analyst noted that after retracing the 100-day Exponential Moving Average (EMA), ETH only needs a minor push to break out of the multi-month continuation pattern with a target above $4,000. A technical analysis tool, the falling wedge pattern is often viewed as a bullish indicator and indicates that a significant price move may be imminent.