Currently, Ether’s charts illustrate a developing bullish inverse head-and-shoulders pattern. A breakout above 0.0400 BTC may confirm this pattern, suggesting potential price targets could reach as high as 0.063 BTC by 2026.
Despite the potential for growth, Ethereum’s price movement is still bound by a long-term downtrend. The bulls must demonstrate that this descending trend is reversing to avoid falling back towards previous support levels.
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