Ethereum on Brink of Major Breakout as BlackRock Continues Accumulation

Ethereum (ETH) is poised to break through its multi-year resistance zone as buyers continue to defend its long-term accumulation structure.

Crypto analyst Crypto Patel notes that ETH is retesting this area for the third time, with each test increasing the significance of a potential breakout.

The ability of Ethereum to maintain its broader accumulation structure suggests that market demand remains present despite previous rejections.

According to Patel, a confirmed breakout could open the door to a much larger move, with initial upside targets at $5,000 and potentially $10,000 or even $15,000 if Ethereum sustains its bullish momentum.