Ethereum Forms Falling Wedge Pattern That Could Send Price To $3,000

Quick Summary:

In addition to this, the crypto analyst has also outlined a bullish divergence on the MACD for the Ethereum price, which lends credence to a possible breakout from the falling wedge pattern.

Ethereum Falling Wedge Pattern Appears With the recent decline in price, there has been the formation of a falling wedge pattern for the Ethereum cryptocurrency, Now, with the rebound from its lows, this pattern has neared its completion, meaning the next steps will begin soon.

But there is still a possibility for a reversal as a bullish pattern has formed on the Ethereum price chart.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: ETH ETH news Ethusd Crypto analyst Ethereum news Ethereum Eth price Ethereum Crypto Analyst Ethereum price ETHUSDT Crypto news

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 14:30:28 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 404 words

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Sentences: 68 lines

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Copyright Owner: © NewsBTC

News ID: 22426878

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