- ETH sees a bullish ascending triable pattern on its monthly price chart.
- Analysts expect a burst of upward momentum for ETH price.
- Ethereum is expected to hit the $10,000 price target soon.
The eyes of seasoned traders and long-time crypto investors are slowly turning to Ethereum (ETH). This pioneer altcoin asset is yet to set its first ATH this bull cycle and analysts are hoping that once it begins its upward movement to set a string of new ATHs, it will trigger the peak of the altseason leading to other altcoin ATHs as well.
Presently, Bitcoin price is clinging to the $97,000 like it has the previous few days and analysts are expecting BTC Dominance to collapse giving altcoins the chance to dominate with ETH at the lead. One analyst makes a bullish observation that the ETH price chart is mirroring that of its moves in March 2020.
ETH Price Chart Sees Bullish Indicator
As we can see from the post above, ETH’s recent capitulation candle is mirroring the 2020 chart cycle where a major dump resulted in a long-term structure breakout. He now expects history to repeat itself by seeing ETH price perform a similar bounce back in the coming days with a $10,000 ETH price projection.
Ascending Triangle Pattern on Monthly ETH Chart
Another analyst known for his accurate predictions states that February and March are bullish months for ETH based on historical data and says that the charts are perfectly aligned to result in a bullish burst for ETH price in the coming days. He also highlights a bullish ascending triangle pattern unfolding on the month ETH price chart.
