Is Ethereum Back In Business? Morningstar Candlestick Pattern Tells A Story

Ethereum has underperformed in the current market cycle, but analysts predict a parabolic rally is imminent. Crypto Bullet highlighted a bullish Morningstar Candle pattern, predicting a rally to $3,300. The analyst believes Ethereum will break the $2,500 resistance and reach $3,300. Ash Crypto also provided a bullish analysis, expecting Ethereum to surge to $4,000, initiating an explosive rally to $10,000. Crypto GEM predicted Ethereum could rally to $8,000 by next year, while Titan of Crypto highlighted targets of $5,000, $7,000, and $8,500. Mikybull Crypto is also confident Ethereum can reach $10,000 in this market cycle, citing a similarity with the 2017 market cycle. Titan of Crypto highlighted an ongoing V-shape recovery for Ethereum, predicting a sharp reversal to $7,600. Mikybull Crypto stated Ethereum is flirting with a breakout, with the Relative Strength Index (RSI) already breaking out, and predicted a rally to $3,600. Overall, analysts are bullish on Ethereum, predicting a significant rally in the near future.