Ethereum, the leading altcoin, is currently trading at $1,615 per token, but analysts are keeping a close watch on its potential for growth. Noted expert , a prominent figure in crypto circles, has pointed out a compelling pattern on the three-day chart.
Source: The price range of $1,800 to $1,900 per is drawing considerable attention. This zone signifies a 50% to 61.8% price correction from the prolonged fall since mid-April, a textbook correction by market standards.
As Ethereum approaches these critical price levels, the market will gain greater clarity on its future trajectory. Observers anticipate that breaking and consolidating above these key levels will provide the green light for further upward momentum.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
