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Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’ By Cointelegraph


Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’

blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions.

The bullish analogy takes cues from a textbook technical pattern dubbed “cup and handle.” In detail, a cup and handle structure develops after the price first rallies significantly to the upside and then corrects to carve out a rounding bottom, called the “cup.”

daily chart featuring cup and handle formation. Source: TradingView