Ethereum’s native token Ether (ETH) has rebounded 40% against Bitcoin (BTC) after bottoming out locally at 0.049 on June 13. Now, the ETH/BTC pair is at two-month highs and can extend its rally in the coming weeks, according to a classic technical pattern.
ETH paints cup and handle pattern
Specifically, ETH/BTC has been forming a “cup and handle” on its lower-timeframe charts since July 18.
A cup and handle setup typically appears when the price falls and then rebounds in what appears to be a…
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