Ethereum’s native token, Ether (ETH), could reach above $10,000 in the coming weeks as it paints what appears to be an “ascending triangle” technical pattern.

An ascending triangle is a bullish continuation setup that appears during an upward trend. After the price moves upward within a rising right angle triangle structure, analysts confirm that they are present. This creates a series of lower highs along the lower trendline and resistance at the higher one. The volume of the patterns develops is usually a decrease.