TraderEye Market View: Ethereum price forecast - Ethereum is prepared for the next move

Saturday, November 16, 2024

Ethereum price forecast - Ethereum is prepared for the next move

Ethereum is preparing for the next move, after a correction from the breakout of a bullish daily head and shoulders pattern, when the trend is to close gaps against the stronger rise of Bitcoin.

The identification of this possibility is carried out using the morning star pattern, when its breakout upwards will confirm the start of the next move.

Attached is a daily graph of the Ethereum price in which the bullish Japanese daily morning star pattern is highlighted.

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