Ethereum ATH Holds Clues, Cardano Could Be Poised for a $2 Breakout

Ethereum broke all-time highs after a 15% dip this ￰0￱ in 2021, Ethereum corrected 27% after its ￰1￱ sits 249% below peak, just like last bull ￰2￱ recently broke its all-time high, and while many expected a smooth parabolic move, history shows ￰3￱ in January 2021, Ethereum also cleared its previous record, only to face a sharp ￰4￱ coin dipped 27% right after the breakout, and just days before that rally, it had already corrected by more than 30%. Fast forward to now, Ethereum has once again surged past its peak after dipping 15% earlier this ￰5￱ chart pattern looks almost identical to the last cycle, where Ethereum briefly overextended before pulling back into the zone between its 20-day and 50-day moving ￰6￱ is a common setup, not necessarily manipulation but simply the volatility of crypto markets.

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