The price of Ethereum against Bitcoin has reached a crucial point, with market indicators suggesting a potential shift in momentum. ETH has entered a significant demand area after a price drop, leading experts to predict a market recovery. The current technical analysis shows a bullish indicator in the form of a declining wedge pattern, which could signal a market reversal. Ethereum is currently trading at $2,419.16, reflecting mild bullish momentum. Breaking through its resistance level could attract new investors and push prices higher, potentially leading to a parabolic move.



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