Here’s why Ethereum is going to $6,000, according to expert
With Ethereum (ETH) facing sustained resistance at the $4,000 level, technical indicators suggest that the second-ranked cryptocurrency by market capitalization might be building up for a higher target. In particular, prominent cryptocurrency trading expert Ali Martinez has pointed out that ETH has been trading within an ascending parallel channel since June 2022, creating a pattern that could pave the way for the $6,000 target, he said in an X post on January 5. ETH price analysis chart. Source: TradingView/Ali_charts An ascending parallel channel is a bullish pattern signaling higher highs and lows, indicating steady upward momentum and a long-term uptrend. Price consolidations within the channel often present buying opportunities. Picks for you R.Kiyosaki warns 'giant market crash here' 1 ...