Ethereum Price Breaks Major Resistance - Signals Potential for Major Rally
• Ethereum (ETH) price broke out above 550-day resistance level in December, which could signal start of major rally
• Trader Pentoshi predicts ETH price increase due to upcoming ETF launch in 2024
• Analyst Inmortal sees potential for rapid ETH price increase based on range trading analysis
• RSI momentum indicator shows bullish signs of being above 50 and rising, and is nearing overbought territory
• ETH faces resistance at $3,400 level (55% above current price) and all-time high at $4,891 (105% above current price)