Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’ By Cointelegraph

Ethereum eyes $6.5K bullish goal as ETH worth chart paints ‘cup and deal with’

blockchain’s native asset, Ether (ETH), faces the prospect of exploding towards $6,500 within the coming classes.

The bullish analogy takes cues from a textbook technical sample dubbed “cup and deal with.” Intimately, a cup and deal with construction develops after the worth first rallies considerably to the upside after which corrects to carve out a rounding backside, known as the “cup.”

day by day chart that includes cup and deal with formation. Supply: TradingView