Ether price could be on track to new all-time highs, provided it can close the week above the $4,000 mark.
A key technical chart formation suggests that Ether’s (ETH) price is about to break out toward new all-time highs. Can Ether flip the $4,000 psychological mark into support?
Ether price rose over 27% over the past week, flipping key resistance areas into support.
Following its price rally, Ether has broken out of its falling wedge chart formation, a pattern that indicates a potential reversal from the previous downward trend.
