Back to the list

Ethereum Price To $1400? Wedge Pattern Sets ETH Price For A Major Correction

source-logo  coingape.com 25 May 2023 17:51, UTC

Over the past two weeks, the Ethereum price has consolidated in a narrow range reflecting the lack of conviction from buyers and sellers. However, in the bigger picture, the coin price shows the formation of a famous bear continuation pattern a rising wedge. Under this development, the ETH price is currently under a bear cycle within the pattern which projects a longer correction phase in the near future.