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Assessing chances of Ethereum price rally to $2,400
Ethereum price has had an explosive start since March 10 as it attempted a retest of the upper limit of a multi-month consolidation. As ETH approached this level, it revealed a bullish pattern, a breakout from which could trigger a rally for the smart contract token despite the pressure from United States regulators. Ethereum price hints at a bullish end to 2023’s first quarter: Ethereum price action set up an inverse head-and-shoulders pattern between September 2022 and mid-March 2023. This technical formation consists of three distinctive swing lows with the central one deeper than the other two. The peaks ... (full story)
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- Posted: Mar 18, 2023 10:00pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 75
