RATE Group | Ethereum’s Price Chart Just Printed This Extremely Bullish Signal
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Ethereum’s Price Chart Just Printed This Extremely Bullish Signal

12 Jan Ethereum’s Price Chart Just Printed This Extremely Bullish Signal

Posted at 10:08h in Cryptocurrency News by

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Over the past two days, Bitcoin, Ethereum, and the rest of the cryptocurrency market have shot higher, retaking key price levels after an 8% correction that brought BTC as low as $7,700. Analysts say that this move is a precursor to strong price action in BTC and ETH.

Related Reading: Why Bitcoin Investors’ HODL Mentality Means a Price Surge Is Coming

Ethereum Bull Case Building

Cryptocurrency trader CryptoWolf recently noted that Ethereum’s price, with the latest price action, has allowed the cryptocurrency to break above a seven-months falling wedge chart structure. Due to the magnitude of the importance of this chart pattern, the turning of the wedge into support could lead to ETH pressing much higher than it is now.

Not to mention, fundamental metrics suggest that growth is imminent.

A Twitter user recently shared the below chart, writing that “Ethereum’s network…

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