Technical analysis by Kriptoteles about Symbol ETH: Buy recommendation (10/5/2021)

Ethereum has been forming a cup and handle formation with the target price of 7000$. Latest bitcoin's run to 50k shows strength for BTC, but slow rise for altcoins. While BTC is running towards ATH, Ethereum would be following it slowly. After BTC starts to consolidate, I am expecting Ethereum to break through the resistance of the cup, and run towards $7000 by triggering an altseason, plus, leading other altcoins to reach their ATH levels.