TechFlow news, on October 14, crypto analyst Ali (@ali_charts) posted on social media pointing out that, based on historical data, whenever Ethereum's price touches the lower boundary of its trading channel and bounces back, it has on average triggered a rally of about 130%.
Ali stated that if this pattern continues to hold, a similar price movement could push Ethereum’s price up to $6,000. However, this depends on Ethereum’s ability to maintain the critical support level at $2,300.
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