Ethereum Breakout Setup Could Reach $15K, Analyst Says
An Ethereum ($ETH) breakout setup has been identified by analyst Crypto Patel, who believes that if the cryptocurrency breaks through its current resistance line, it could reach $15,000.
The resistance line is a multi-year zone that $ETH has only reached twice before, in 2021 and again around 2025. Patel notes that this makes the current situation the 'biggest breakout setup yet' for Ethereum.
The chart posted by Patel shows a path toward $3,270, then $4,892, before reaching the $10,000 to $15,000 target range. The current price of $ETH is around $2,500, which is less than half its all-time high.
However, not everyone agrees with Patel's assessment. Analyst NoName has offered a different perspective, suggesting that Ethereum may be due for a Wave 4 correction after finishing a Wave 3 impulsive move.