Technical Analysis – ETHUSD set for a breakout move
Posted on November 30, 2023 at 12:57 pm GMTEthereum pulls back from recent multi-month high Generates a structure of lower highs and higher lows Momentum indicators suggest that buying interest is fading ETHUSD (Ethereum) experienced a strong rally since late October, which propelled the price to 2,136, its highest level since April. However, in the past few weeks, the leading altcoin has been trading without a clear direction, with the formation of a pennant pattern hinting at an impending breakout. Should the pennant break to the upside, the bulls [..]