TraderEye Market View: Will the ethereum price be positively affected by the start of trading in ETFs ?

Tuesday, July 30, 2024

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

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The breakout of the converging triangle did happen, but it ran into a bullish shark pattern that resulted in a measured drop in the price of Ethereum, but the bullish shark pattern may return the price of ethereum to the groove, that is, to continue an upward trend.

Attached is a graph in a 15-minute time frame that shows the entire move, from the false breakout of the converging triangle to the completion of the bull shark-type harmonic pattern structure:

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