Ethereum

Coin

<ul class="news-points"> 
 <li><strong>Crypto analyst predicts ETH’s next move after spotting 2019 trading pattern.&nbsp;</strong></li> 
 <li><strong>ETH fluctuated lethargically during the first four days of the week before the fourth day produced an immense spike.</strong></li> 
 <li><strong>Ethereum could reach $3,500+ once it breaks out of the ascending triangle pattern.</strong></li> 
</ul> 
<p>Crypto analyst and trader who goes by the pseudonym Wolf was uncertain about his followers’ knowledge about <a href="https://coinedition.com/ethereum-eth-price-prediction/">Ethereum’s next move</a>. As such, he enlightened his followers by sharing a chart for 2019 and comparing it with the present status of Ethereum.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I'm not sure if people out there understand what lies ahead for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> in the near future. <a href="https://t.co/rwOwilJuPs" target="_blank" rel="nofollow">pic.twitter.com/rwOwilJuPs</a></p>— Wolf 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@IamCryptoWolf) <a href="https://twitter.com/IamCryptoWolf/status/1723811083402567746?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 12, 2023</a>
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<p>According to the analysis, it could be seen that back in 2019 (the year before BTC halved), Ethereum formed an ascending triangle, which thereafter spiked drastically. Currently, the ascending triangle could be spotted, and since it’s the year before the next BTC halving in 2024, Wolf probably predicts that ETH could shoot up.&nbsp;</p> 
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  <img decoding="async" src="https://lh7-us.googleusercontent.com/O0PgUuBMc2Yz08jHm46zYkJqbrXGAWDo7QjSLITuxeT7AxemnyDXlHzDLG9RRk-Yg-FDnD39D1dbw_tk4oYmOIiSr4F4uXbwOuQ8W0yGd2L-HqScQoq5DiuednSkHgGhZTN06yv3fkWrQ3Xertzld78" alt="">
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   <em>ETH/USD 1-Week Chart (Source: <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="nofollow">CoinMarketCap</a>)</em>
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<p>The above chart shows that ETH was exchanging hands at $1,876 when the markets opened for trading for …</p>
<p>The post <a href="https://coinedition.com/eth-gears-up-for-a-spike-inside-an-ascending-triangle-can-it-reach-3500/">ETH Gears Up For a Spike Inside an Ascending Triangle, Can It Reach $3,500?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

ETH Gears Up For a Spike Inside an Ascending Triangle, Can It Reach $3,500?

Coin Edition

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