This weekly ETHUSD chart by Merlin Crypto shows Ethereum following a rising channel since 2016. Key bounce zones marked "1" and "2" led to major rallies. After consolidating near the lower channel, price rebounded from point "2". The projection targets a new ATH above $10K, aligned with the upper green trendline. Structure suggests Ethereum is repeating historical cycles with higher lows and explosive breakouts.
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