Monday, July 29, 2024

Will the ethereum price be positively affected by the start of trading in ETFs ?

Following the start of trading in Ethereum ETFs last week, we see the beginning of a recovery in its price after a significant correction. At this point we detect a convergence breakout of a symmetric converging triangle within a beautiful target derived from a harmonic pattern AB=CD.
Attached is a graph in a quarter of an hour time frame that shows the breaking of the pattern and the destination we expect and act accordingly.


 

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