251003 [ETH] Ethereum Outlook

Ethereum has also risen to around $4,400, forming an inverse head-and-shoulders pattern at the bottom alongside Bitcoin's ascent.

This could be interpreted as either an ambiguous three-market pattern (scenario 1) or channel movement (scenario 2). If Bitcoin maintains its position well, Ethereum is also expected to see a significant upward surge.

Should it follow the three-market pattern depicted in scenario 1, a more robust upward movement is anticipated.

Should the channel scenario in pattern 2 play out, resistance may be encountered, potentially requiring a period to absorb this pressure.

The long-term outlook suggests a steady rise to around $6,000–$6,500. Should it climb higher, while unlikely, there remains a slight possibility of reaching above $7,000.

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