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Ethereum price forecast: upside bias after symmetric triangle breakout to $4.8k–$4.9k
Opinion: I analyzed the Ethereum chart using AI.
Conclusion: No significant downside risk beyond near-term range action; the path is sideways or up.
Price movement forecast:
Based on technical analysis and historical statistics, the most likely scenarios are:
Base scenario (45%): An upside breakout to $4,800–$4,900 within 5–10 days.
Alternative scenario (55%): Continued trading in a range of $4,200–$4,800.
Bearish scenario (0%): Statistically unlikely based on historical data.
The current chart and statistical view point to a classic symmetric triangle forming, with an upside bias if a breakout is confirmed by higher volumes.
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Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.