Technical analysis by Shotokhan about Symbol ETH on 11/11/2024

ETH was in a bullish pennant who had already broken out weeks ago but really started to move toward their target after US elections. I don't believe much in pattern targets because in my experience they're not reached very often but considering that this time the target coincide with last ATH I think it's very likely to be reached. This will only be the first step, I think ETH should go up to 10-12K. I don't usually trade ETH but I think it will eventually do pull a 3-4x. If you have to buy I would suggest to buy on a retracement since it has pumped for 7 days in a row now. Good luck