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Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally?

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Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally? - NewsBTC

Quick Summary:

With Ethereum and most altcoins unable to reclaim bullish structures, the market remains under bearish control, keeping investors cautious.

Ethereum (ETH) has been struggling around the $2,200 level, with bulls unable to reclaim higher prices despite multiple attempts.

The market sentiment remains bearish, as ETH continues to face selling pressure even after Thursday’s announcement of the US Strategic Bitcoin Reserve, which many had expected to boost overall confidence in the crypto sector.

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Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally? - NewsBTC (Picture 1)Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally? - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-09 @ 05:00:05 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26758229

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 12 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

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The story "Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally?" has 532 words across 69 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally?" was covered 23 hours ago by NewsBTC, a news publisher based in United Kingdom.

How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United Kingdom and publishes an average of 7 news stories per day.

It's most recent story was published 12 hours ago.

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  • News ID: #26758229
  • URL: https://beamstart.com/news/ethereum-breaks-out-of-descending-17415005411242

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