#ETHCrossed2500
Ethereum pattern supports a rally towards new highs if confirmed, according to a trader
Veteran trader, Peter Brandt, said that the price of Ethereum could reach new highs if it manages to break out of a congestion pattern.
Key points:
● Veteran trader Peter Brandt suggests a possible Ethereum rally to USD 3,800–USD 4,800 if ETH breaks above an ascending wedge pattern.
● A short-term pullback could occur as the buy-sell ratio of takers falls below 1, signaling caution among futures traders.
What do you think? Will we reach 3K this week?
Source: Cointelegraph
