Triple Bottom Formation: Is Ethereum Set For Major Upswing In Q4?
The cryptocurrency market, led by the largest cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), surged on Tuesday to levels not seen in over a month in anticipation of the Federal Reserve’s (Fed) imminent announcement of its first interest rate cut since the COVID-19 pandemic. However, despite these expectations or what the outcome of the Fed’s announcement could have on the market, on Bitcoin Halving years, the fourth quarter (Q4) is usually significantly bullish for the two largest digital assets and the broader market. Exploring The Ethereum Price Performance Post-Bitcoin....
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Ethereum (ETH) has witnessed a notable resurgence, reclaiming ground after hitting a crucial support level at $1,500. As traders analyze the daily time frame, it becomes evident that this resurgence may signify the formation of a bullish reversal pattern, known as a double bottom. A double bottom is a classic technical analysis pattern that often […]
Ethereum price is trading near a major confluence resistance area of $15.00. Let us see how we can trade ETH/USD in the current situation. Key Highlights. Ethereum price stayed elevated against the US Dollar, but I think one should trade carefully moving ahead. There is a monster resistance area formed near $15.00, which acted as a barrier on many occasions. There is likely a Triple top pattern forming on the daily chart (data feed via Kraken) of ETH/USD, which if valid might call for losses. Ethereum Price Triple Top? Ethereum price ETH for the third time trading near the $15.00....