Ethereum chart pattern supports 'moon shot' rally to new price highs if confirmed — Trader

Quick Summary:

Source: CryptoQuantElevated activity at Binance and an uptick in outflows reflect strong trader confidence, liquidity, and sustained bullish momentum in the current market.“Moonshot” rally to new highs for EthereumIn a recent X post, veteran trader Peter Brandt highlighted a developing market structure that could pave the way for an Ethereum rally, provided the altcoin breaks through a key "congestion" pattern.

Ethereum analysis by Peter Brandt.Source: X.comHowever, he suggested that a breakout above this pattern could propel Ethereum’s price toward the descending resistance line, targeting a range between $3,800 and $4,800.

Source: CoinGlassRelated: Altseason is coming, 40% daily gains to become ‘new normal’ — AnalystEthereum’s higher-time frame (HTF) chart reflects a price rise on the weekly chart, where the altcoin has jumped toward the 50 and 100-week exponential moving averages (EMAs) over the past couple of weeks.

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Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets: United States

Topics: Ether Ratio Price Pattern Trader Market Chart Weekly Ethereum’s Ethereum Brandt

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-11 @ 20:25:57 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28578238

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