Will Ethereum Price form a New ATH?

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2021 is expected to be dominated by the Ethereum where-in it showcased some signs of a bull market. However, in the current scenario, the Ethereum price rally appeared to reversed the M-shaped pattern avoiding further plunge. The previously formed similar pattern has always resulted in a major bunce and hence a similar movement is expected shortly.

If in case, the ETH price is successful in flipping the pattern, then the price is expected to form new ATH as predicted by an analyst, Eljaboom. Moreover, another analyst, KALEO, Ethereum may hit $10K+ too.

Nevertheless, ETH still looks in a very good position as it is well above the strong support levels close to $1120. Currently, the price is required to hit the levels above $1290 as said by an analyst Luke Martin to trigger more upside momentum.

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