Ethereum’s native token Ether (ETH) has successfully avoided a bearish technical setup to reach a two-month high against Bitcoin (BTC).
ETH price bear flag invalidated
The ETH/BTC pair invalidated its prevailing “bear flag” pattern after Ethereum developers announced this July 14 that their long-awaited switch to proof-of-stake (called the Merge) will most likely occur in September.
ETH/BTC has rallied by more than 22% since the announcement, reaching 0.067, its highest level since May 25….
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