Ethereum’s native token, Ether (ETH), has the prospect of logging a 40% price rally against its top rival, Bitcoin (BTC), per a classic technical pattern.
Dubbed a “symmetrical triangle,” the structure develops after the price forms a series of higher lows and lower highs. Doing so results in a convergence of two trendlines with a degree of symmetry, which appears a a triangle.
Analysts treat symmetrical triangles as trend continuation indicators — i.e., they usually send prices in the…
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