Odds of Ethereum price rally to $3K increase, but a few red flags remain

Data points to an Ethereum price rally to $3,000, but ETH charts imply that a few corrections could occur along the way.

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Ether is setting up for a rally above the $3,000 psychological mark, but analysts warn of more potential downside ahead of the breakout.

Ether (ETH) price could be gearing up for a rally above $3,000, according to a technical chart pattern emerging on the daily chart.

The analyst wrote in an Oct. 17 X post:

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