Ethereum Price Set to Break Through All-Time Highs

An Ethereum price prediction by user lunarsyndicate92 suggests the cryptocurrency will soon break through its all-time highs and enter a period of price expansion.

The prediction is based on a chart analysis using the CRYPTOCAP:ETH futures contract, which shows a completed simple zigzag correction. The correction has followed a textbook pattern of 5, 3, 5, indicating that it was perfectly formed.

Lunarsyndicate92 projects an average target of $42k for Ethereum's next move up, but notes that even this is a relatively low target.