According to ME News, on September 29 (UTC+8), crypto analyst Ali posted on X that ETH appears to be forming a bullish pattern on lower timeframes, and this structure remains bullish as long as $2,640 continues to act as support. Ali further noted that the current focus is on the $2,700 level; if ETH closes an hourly candle above $2,700, it could confirm an upward breakout and open the door for further gains toward $3,000. (Source: ChainCatcher)
Analyst: ETH May Move Toward $3,000 as Bullish Pattern Emerges
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Summary
Analyst Ali noted a bullish trend forming on lower timeframes for ETH, with $2,640 serving as key support. A close above $2,700 could confirm a breakout. ETH’s price is now near a critical level, with $3,000 within reach if the upward momentum holds. Traders are monitoring the hourly close for confirmation.
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