#ETHOnTheRise
What will happen after the adjustment?
According to CoinDesk, Ethereum is currently experiencing a positive trend, providing promising signals for its native token, ether (ETH). The price chart of this cryptocurrency shows a pattern similar to that observed in bitcoin (BTC) before it surged last month.
The three-line chart of Ether, which removes daily fluctuations and unpredictable price changes, indicates that the eight-month-long correction trend with lower highs and lower lows has ended. The broader uptrend from the low in October 2023 near $1,500 has recovered. Such breakouts often lead to a ripple effect of rising prices, attracting new buyers and pushing out previous sellers who have limited price increases during the consolidation period.
