Ethereum Analysis: $12K Target Possible as Symmetrical Triangle Approaches

Ethereum (ETH), the world’s second-largest cryptocurrency, is poised at a critical point in its trajectory. Crypto analyst Captain Faibik (@CryptoFaibik) shared insights on Twitter (X), highlighting a multi-year symmetrical triangle pattern that has been shaping ETH’s price movement since early 2021. This pattern is currently nearing the apex, with analysts anticipating a decisive breakout within the next one to two months. As reported by CryptoCove, Faibik’s analysis suggests Ethereum could break out of this pattern soon.