ETH Breaks Out from Large Corrective Pattern
ETH recently broke out from a large corrective pattern where it had been stuck for about 3.5 months. The corrective pattern began in early August and lasted until now.
Currently, ETH has broken out from this pattern and appears poised to continue rising further. This is also supported by the fact that BTC has broken through the all-time high price zone.
However, the situation remains somewhat risky. If BTC holds its current price position, then ETH may perform well. Otherwise, it could turn out to be a bull trap.
Despite the correlations with BTC's movements, ETH is showing strong bullish momentum on its own and a bullish pattern.
You may find more details in the chart!
Thank you and Good Luck!
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Note
Trade closed: target reached
