RATE Group | Ethereum May Target $260 in Near-Term as Technical Patterns Grow Bullish
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Ethereum May Target $260 in Near-Term as Technical Patterns Grow Bullish

26 Oct Ethereum May Target $260 in Near-Term as Technical Patterns Grow Bullish

Posted at 21:50h in Ethereum News by

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Ethereum has incurred some bullish momentum over the past 24-hours but has retraced slightly from its daily highs. ETH’s volatile price action has come about concurrently with Bitcoin’s massive surge to highs of over $10,000.

It is important to note that one analyst is now explaining that Ethereum may surge towards $260 next based off of its recently formed technical patterns, which would mark a significant surge from its current price levels.

Ethereum Surges 3% to $180, But Down Significantly from Daily Highs

At the time of writing, Ethereum is trading up nearly 3% at its current price of $179.60, and it has been able to post a significant recovery from its weekly lows within the mid-$150 region that were set concurrently with Bitcoin’s downwards movement to the lower-$7,000 region.

Ethereum’s surge yesterday evening came about alongside Bitcoin’s meteoric rally, which sent it to highs of roughly $10,300 before it incurred a massive influx of selling pressure that pushed its…

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