Technical analysis by Tropnik about Symbol ETH: Buy recommendation (10/19/2024)

We can highlight the formation of a global ascending triangle, which will take Ethereum to a trillion-dollar capitalization. But if we consider a more conservative option (marked in white), then the potential target = $7,000, which in turn is possible and quite achievable. Also, if you draw a global ascending channel on several reference points, you will see that the potential target is much higher.