From a weekly chart perspective, the price of Ethereum is currently retreating from the neckline area of around $2600. Despite the noticeable fall, the key chart pattern is expected to trigger a significant rebound for ETH. As the cup and handle pattern matures, ETH may be on the verge of a substantial pump and could challenge previous highs. According to Rose Premium Signals, if it successfully recovers this area, this altcoin may be closer to the key target of $4204.69.
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From a weekly chart perspective, the price of Ethereum is currently retreating from the neckline area of around $2600. Despite the noticeable fall, the key chart pattern is expected to trigger a significant rebound for ETH. As the cup and handle pattern matures, ETH may be on the verge of a substantial pump and could challenge previous highs. According to Rose Premium Signals, if it successfully recovers this area, this altcoin may be closer to the key target of $4204.69.