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Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

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Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’ - NewsBTC

Quick Summary:

Analysts have provided a positive outlook for the second-largest crypto by market cap, predicting that its price could soon go parabolic after an extended consolidation period.  Ethereum Primed To Break Out As Price Goes Parabolic  In an X post, crypto analyst Mister Crypto noted that Ethereum has been consolidating for four years and that the longer the consolidation, the bigger the pump.

His accompanying chart showed that ETH could reach a new all-time high (ATH) on this breakout.  Related Reading: Ethereum Price Completes Bullish Structure Break – $3,000 Comes Next Crypto analyst Skyrexio also asserted that Ethereum will go "insane” soon.

His accompanying chart showed that the altcoin could rally to $9,000 before the end of this market cycle.  Related Reading: Ethereum Surge Above $2,200 Says Bear Market Is Over, Analyst Calls $5,791 Easy’ Target In another post, he reiterated this target while outlining between $8,000 and $10,000 as his targets for Ethereum in this cycle.


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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 16:00:49 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28748801

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 9 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +8:00

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Publisher ID: #102

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