Ethereum (ETH) price ready for 20% breakout in coming weeks

[Quantum X]

https://i.imgur.com/SS86INt.jpg
ETH/USD currently trades within an ascending triangle pattern and could see a breakout to highs of $770 by end of December

Ethereum price could surge to highs of $750 within the next two weeks if bulls breach a major resistance level. The smart contracts platform could also see the value of the native digital asset spike by 25% or more given historical price action over December months.

At the time of writing, Ethereum price is trading around $583, about 2% down on the day. Bulls are battling downward pressure within a critical technical pattern, a scenario that could prove pivotal to the short term plans for both bulls and bears.

ETH network growth
The stalling of ETH/USD near $583 comes as on-chain data from analytics firm Santiment suggests bullish sentiment with respect to a new daily active address record.

According to the firm: “The number of new Ethereum addresses hit a single-day, 35-month high Saturday. Our network growth metric picked up ETH reaching 177.5k addresses created. Notably more addresses interacting on an asset’s network is a very promising indicator for bulls”.

Find out more here
https://coinjournal.net/news/ethereum-eth-price-ready-for-20-breakout-in-coming-weeks/

[Gravatai]

I think, without a rise in the price of Bitcoin, there will be no growth in Ethereum, and if the price of Bitcoin goes down, then all the coins will follow it. But given that a large number of large investors and investment funds are buying BTC and ETH, we have a lot of chances to see further price increases.