Donald Trump’s $1M Ethereum Purchase Raises ETH’s $60Okay Goal Potential…

Ethereum seems to be breaking out of a multi-year symmetrical triangle, a traditional continuation sample that sometimes types throughout consolidation phases.

The construction, drawn from the 2021 peak close to $four,870 and a number of increased lows since mid-2022, suggests a tightening coil of worth motion resolving to the upside.

That is the second time ETH has examined this resistance zone since its 2022 peak. Within the earlier cycle, an analogous triangle breakout led to a fast 3x transfer. Primarily based on the peak of the triangle’s widest vary, the present breakout might goal ranges close to $7,300—a roughly 90% achieve from present costs round $three,830.

Momentum indicators additionally help the transfer. The weekly RSI has flipped bullish, staying above 69 for the primary time since early 2022, whereas ETH holds comfortably above its 50- and 200-week EMAs.

If confirmed, this breakout could mark the beginning of Ethereum’s subsequent leg increased—fueled by ETF inflows, treasury accumulation, and rising political curiosity.

Ethereum is Eyeing $60Okay by 2026

Ethereum’s newest rally seems to be following a long-term ascending channel that has acted as each help and resistance since 2018, in keeping with Crypto GEM.

This sample—outlined by two parallel trendlines sloping upward—suggests a structured, stair-step advance with recurring corrections alongside the way in which.