Ethereum Price Analysis: Elliott Wave Points to Breakout Target at $3,400

Ethereum’s price action exhibits compelling technical signals, indicating a potential breakout toward the $3,400 mark according to Elliott Wave analysis. Traders are watching closely for a decisive move above the stubborn $2,743 resistance level. A six-year symmetrical triangle hints at a significant price surge towards $8,000 in the long term. 2020’s breakout provides insights into this dynamic structure.