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Ethereum chart pattern supports 'moon shot' rally to new price highs if confirmed — Trader

cryptoweekly by cryptoweekly
May 11, 2025
in bitcoin, News
0

Veteran trader Peter Brandt said Ethereum price could “moonshot” to new highs if it can break out of a congestion pattern.

Key Takeaways:

Veteran trader Peter Brandt suggests a potential Ethereum rally to $3,800–$4,800 if ETH breaks above a rising wedge pattern.

A short-term pullback may occur as the taker buy-sell ratio drops below one, signaling caution from futures traders.

Read more

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Recent Posts
  • ‘Policy procrastination’ leaves UK trailing EU, US in crypto regulation: Experts
  • XRP price rally’s biggest earners are selling $68.5M tokens every day
  • XRP price rally’s biggest earners are selling $68.5M tokens every day
  • ZachXBT slams Bitcoin bridge Garden Finance for laundering hacked funds
  • Nakamoto Holdings secures $51.5M to expand Bitcoin treasury strategy
  • Crypto cycle is playing out ‘spookily similar’ to 2017: Raoul Pal
  • CoinMarketCap has 'identified and removed' malicious wallet scam

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