Ethereum ($ETH) has had a stellar performance in the last 24 hours 🌈🔥, with older coins like $XRP and $ADA also making big gains 📈💪. Could ETH be about to explode 💥💥 and start reversing its long downtrend against $BTC? 🤔💭💡
Is the recent surge in ETH/BTC just a test of resistance? 🛑📊**
ETH price is following a downtrend against BTC pair.
(ETH/BTC) since 2017 ⏳🕰️. In the bull market of 2021 🐂🌟, ETH managed to make some gains against $BTC, but since 2022, there has been a long period of bearish movement 📉😟, which led to a significant decline 💔.
### **ETH Price is heading towards breaking the wedge pattern 🔺✨**
However, on the weekly timeframe 📅📊, things seem to be looking up 🌈🌞. ETH price is in a wedge pattern, suggesting a possible breakout to the upside 🚀📈💥. But there are some concerns 😬⚠️, such as the Stochastic RSI indicator which may indicate a slowdown in the bullish momentum 📉😓.
### **The biggest concern for fans is SOL/ETH 😱💔**
Concerns are growing as the price of $SOL rises against 💹🔥ETH. After a period of consolidation 💤🛌, $SOL has seen a significant rise against $ETH, strengthening its position in the market 💪🌟📈.
### **The End 🏁🎉**
As ETH heads towards a potential breakout 🔓💥, investors should keep a close eye on the indicators 👀📉📊, especially with increasing competition from SOL 💥💔.
**WARNING ⚠️📢:** This article is for informational purposes only and is not legal or investment advice. 📊✨💡
#MarketDownturn #تداول_العملات_المشفرة #عملات_رقمية #تحليل_العملات_الرقمية #Binance
