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Is Ethereum’s Double Bottom Pattern The Key To Bullish Rebound? The Coin Republic 05 сен 2024

Is Ethereum’s Double Bottom Pattern The Key To Bullish Rebound? 📈

Ethereum (ETH) has recently experienced a decline in its price, leading to a downward trajectory. However, a potential bullish reversal might be on the horizon as Ethereum’s price chart showcases a double-bottom pattern near key support levels. This pattern is often considered a strong technical indicator for a price rebound.

In addition to the double-bottom pattern, there has been a noticeable increase in whale transactions and active addresses related to Ethereum. These factors suggest positive momentum that could support a bullish turnaround for the cryptocurrency.

The combination of technical indicators and increased activity among large holders might indicate that Ethereum is gearing up for a recovery. Investors and traders are keeping a close eye on these developments.

Источник: www.thecoinrepublic.com ↗

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