Technical analysis by chuong-n-pham about Symbol ETH: Buy recommendation (11/8/2024)

✅After over three months of accumulation within the price range of $2300 to $2700, Ethereum is showing signs of an upward trend, potentially driven by recent positive news such as President Donald Trump’s re-election to a second term and the Federal Reserve’s announcement of a 0.25% interest rate cut in November. ✅We expect the weekly candle to close above the $2800 level to confirm a steady upward movement for this altcoin, which holds the second-largest market capitalization. Ethereum holders have waited a long time for the day when Ethereum could break its all-time high (ATH). My short-term target is $3600 between now and the end of the year. Best of luck to my friends.