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Ethereum expects positive movement after breach of falling wedge pattern

From eng.ambcrypto.com

After a significant decline on 25 November, Ethereum’s valuation has undergone sideways movement over the past week. The 2nd largest crypto-asset has consolidated between the valuation of $140 and $160, without registering a steep hike or slump. However, the long-term trend suggested that the price may record another bullish phase in the near future. At press time, Ethereum was valued at $149.16. The 1-day chart for Ethereum registered a steady decline over the last couple of months. However, under observation, the price movement of Ethereum exhibited a falling wedge pattern. ETH’s price registered prominent higher ... (full story)

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  • Category: Technical Analysis