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Ethereum Price Analysis Hints Potential Threat of Bull Trap; Will ETH Revisit $1500?

By Brian Bollinger at 2024-11-22 12:33

Sentiment: Negative

On March 17th, the Ethereum coin price gave a decisive breakout from the resistance trendline of the megaphone pattern. The pattern formation itself is a sign of uncertainty among participants accentuating an unclear trend the ETH price witnessed since February 2023. Thus, a bullish breakout from this pattern’s resistance trendline is expected to release the The post Ethereum Price Analysis Hints Potential Threat of Bull Trap; Will ETH Revisit $1500? appeared first on CoinGape. Continue reading...

Categories: Price Analysis

Tags: #Price Analysis #ETH #Ethereum Price Analysis #United States

Source CoinGape