Date:Sat Nov 16 2024Tokyo:10:55Sydney:12:55New York:20:55London:1:55CET:2:55
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Ethereum Heading towards Big Move in next 3 moths
As per crypto analyst Benjamin Cowen Ethereum (ETH) is trading within a large wedge pattern that could lead to a breakout by May 2023.
The downside of the wedge represents the deep value zone for eth between $600 to $1000
The ETH/BTC pair is also coming to an inflection point, likely by next month, with odds leaning towards a downward move
Cowen suggest measuring the market divided by the market cap of bitcoin to gauge ETH/BTC valuation
The downside of the wedge represents the deep value zone for eth between $600 to $1000
The ETH/BTC pair is also coming to an inflection point, likely by next month, with odds leaning towards a downward move
Cowen suggest measuring the market divided by the market cap of bitcoin to gauge ETH/BTC valuation
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