Here’s why some Ethereum traders expect ETH price to hit $16K this cycle

Ethereum price is painting an ascending triangle pattern breakout with a price target of around $16,700.

Key takeaways:

Ether runs into resistance at $4,000, but strong technicals and rising institutional demand could drive ETH into price discovery.

Ether’s ascending triangle pattern targets an ETH price of as high as $16,700.

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