TraderEye Market View: The Ethereum price has formed a short-term bullish wedge pattern

Monday, October 14, 2024

The Ethereum price has formed a short-term bullish wedge pattern

The Ethereum price has formed a short-term bullish wedge pattern (within the larger structure of the Bitcoin pattern that creates a potential opportunity for an upward direction in the price of Bitcoin and Ethereum).

Attached is a graph of the Ethereum price in a 5-minute time frame showing the structure of the bullish pattern that was created.

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