News Explorer — Ethereum Could Reach $5,200, Says Kraken

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Feb 22, 7:29 am

Coindesk

Ethereum Could Reach $5,200, Says Kraken

Ethereum's native token ether (ETH) has the potential to reach a new record high of $5,200, according to technical analysis by Kraken OTC. The analysis suggests that ETH has broken out of an "ascending triangle" price pattern, indicating a bullish trend. The weekly chart shows that ETH has remained above the key pivot level of $2,141, which is the upper boundary of the ascending triangle formation.

Ethereum's native token ether (ETH) has the potential to reach a new record high of $5,200, according to technical analysis by Kraken OTC. The analysis suggests that ETH has broken out of an "ascending triangle" price pattern, indicating a bullish trend. The weekly chart shows that ETH has remained above the key pivot level of $2,141, which is the upper boundary of the ascending triangle formation.

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