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Ethereum (ETH) Charts Signal Déjà Vu as Bulls Eye $10K

Ethereum (ETH) is buying and selling round $2,850 after a failed try and reclaim the $3,000 degree. The asset is down nearly 5% over the previous 24 hours and almost 4% over the past week.

ETH Mirrors 2024 Structure, $4K in Sight?

Analyst Heisenberg shared a chart that compares the present ETH transfer to an analogous setup seen in 2024. Back then, it fell 47%, moved sideways for about 92 days, after which rallied 47%—topping close to $4,000. The present chart exhibits the identical 47% drop, adopted by a 33% bounce, and now getting into one other interval of consolidation.

Heisenberg mentioned the bottom may final till February 21, 2026, if it follows the identical timeline. The same transfer would put $4,000 again in focus. RSI can also be beginning to strengthen, matching circumstances seen forward of the 2024 rally.

Moreover, one other chart, shared by Sykodelic, signifies a possible cup-and-handle formation on the month-to-month timeframe. This sample started forming after the 2021 peak and has developed over the past 4 years. Ethereum is now in what appears just like the deal with section of the construction.

Sykodelic sees $10,000 as an inexpensive minimal goal. That can be about twice ETH’s all-time high of round $4,950. “It makes me chuckle when individuals scoff at a $10K goal,” they mentioned, noting that it’s solely a 2x transfer from the earlier high. The setup suggests a long-term breakout could also be constructing if the value clears earlier highs.

Wedge Formation Could Push Price Higher

Another setup shared by Dami-Defi exhibits ETH forming a falling wedge on the 3-day chart. This sample usually results in an upward breakout when it types after a decline. ETH is presently close to the highest of the wedge and approaching a key determination level.

Indicators are beginning to shift. RSI is transferring up from 43, and MACD is flattening out. Both recommend momentum could possibly be altering. “We’re close to that breakout level,” Dami-Defi mentioned, including that merchants are ready for a confirmed transfer above the wedge to set off potential upside towards the $3,900–$4,300 vary.

Despite current value volatility, Ethereum’s community progress continues. As CryptoPotato reported yesterday, the variety of non-empty ETH wallets has surpassed 175.5 million, the best amongst all cryptocurrencies. Over 5.1 million wallets had been added in 2026 alone, displaying regular consumer participation.

The publish Ethereum (ETH) Charts Signal Déjà Vu as Bulls Eye $10K appeared first on CryptoPotato.

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