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Ethereum's Giant Megaphone Pattern Sets $7.7K to $9.9K ETH Price Target

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Summary
Nutrition label

62% Informative

A popular crypto analyst expects ETH price to surge to between $7.7k and $ 9.9k .

He cites the formation of a megaphone chart pattern or a rising broadening wedge chart pattern.

The pattern has formed on the weekly chart, meaning that the ETH price target will take time to form and complete.

On the positive side, ETH is forming a bullish pennant chart pattern, which often leads to a strong bullish breakout.

VR Score

41

Informative language

27

Neutral language

40

Article tone

formal

Language

English

Language complexity

27

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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