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Cryptocurrency News / Altcoin News / Ethereum on track to repeat gold’s path; next target: $6,000?
Ethereum on track to repeat gold’s path; next target: $6,000?
Date: June 13, 2021
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2 minutes
News highlights
A multi-year gold pattern has emerged on the Ethereum chart, and analysts expect the price to jump to the $5,000-$6,000 range.
Ethereum is overtaking Solana and re-attracting institutional investors; in just one week, more than $320 million in new capital has entered ETH funds.
The decline in memecoin hype and the formation of bullish technical patterns have issued strong signals of the possibility of this cryptocurrency’s growth.
Ethereum’s current trend is similar to a multi-year price pattern on the gold chart, strengthening the possibility of its price growing to the $6,000 range in the coming months.
Comparing the Ethereum and Gold charts, it is clear that the ETH price is repeating a similar multi-year accumulation pattern to the performance of Gold between 2019 and 2024. 17 replies
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