Ethereum (ETH) has been trading sideways within a narrow range, causing frustration among investors. The lackluster performance has led to doubts about whether Ethereum can regain its momentum. However, technical analysts are optimistic, pointing to a falling wedge pattern on Ethereum's chart, which is considered a bullish reversal indicator. If the price breaks out of this pattern, it could lead to significant upward movement and a test of the $4,000-$4,100 level. The market is eagerly awaiting confirmation of Ethereum's next big move. If Ethereum fails to hold the critical $3,300 support level and cannot break above the $3,500 resistance level, it may face a deeper correction.
Content Editor ( newsbtc.com )
- 2025-01-26
Ethereum Tests Massive Falling Wedge – Breakout Could Target $4K Cycle Highs
