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This Ethereum (ETH) Pattern Breakout Might Result in 400% Gains: Details

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Ethereum (ETH) might aim for 400% gains if this pattern resolves ETH $ETH

The crypto analyst excitedly tweeted that Ethereum might"melt faces" if it finally breaks out of the triangle formation, further adding that a fivefold increase might be probable if ETH achieves a breakout from this pattern.

"When ETH finally breaks out of this triangle, it will melt faces. A 5x from current prices is about my final target for ETH this cycle," Jelle stated in a tweet. At the time of writing, ETH was marginally down in the last 24 hours to $1,868. A fivefold price increase from its current levels might see ETH target $9,340, representing a 400% growth.An address that took part in Ethereum's ICO awakened and moved funds for the first time in eight years, sending out 641 ETH worth over $1.2 million.

 

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