Ethereum (ETH) is showing a structural similarity to the 1989-1990 S&P 500 fractal, which could indicate significant price growth. The recent surge has seen the asset surpass 2,300 USD, suggesting bullish momentum. Analysts emphasize that achieving the target of 5,650 USD requires surpassing major resistance levels.
ETH’s current success appears to be more than speculation, supported by robust trading volume. It must overcome resistance points at 3,000 USD and 3,600 USD to approach the ambitious target of 5,650 USD. A pullback could occur towards the 2,000 USD to 2,100 USD support zone if faced with resistance.
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