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Peter Brandt: Ethereum Poised for Breakout Amid Congestion Pattern
By: coindoo|2025/05/10 02:15:05
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In a recent post, Brandt pointed to a significant congestion pattern forming in Ethereum’s price chart that “could support a moon shot,” despite his admitted tendency to avoid positive ETH commentary.The chart he shared illustrates Ethereum consolidating within a symmetrical triangle over the past few years, with strong support around $2,150.A breakout from this formation could signal a major upward move. Historical patterns like flags, descending triangles, and failure swings further support the notion of growing bullish momentum. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Bitcoin Could Be Leading Global Monetary Trends, Says Analyst With ETH currently hovering near $2,840 and bullish sentiment returning across the crypto market, this technical setup could ignite a powerful rally if confirmed by a breakout above the resistance line.The post Peter Brandt: Ethereum Poised for Breakout Amid Congestion Pattern appeared first on Coindoo.
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