TraderEye Market View: Ethereum in a short-term bullish wedge pattern

Tuesday, September 24, 2024

Ethereum in a short-term bullish wedge pattern

The words of the US presidential candidate regarding Bitcoin may breathe life into the Bitcoin and Ethereum currencies and allow them to get out of the tiresome shuffling range. This time we are looking at a short-term wedge pattern of Ethereum that could allow it to jump up from the bottom it is in.

Attached is a graph of the ethereum price in a 5-minute time frame showing the wedge pattern:

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