Ethereum flashes a classic bullish pattern in its Bitcoin pair, hinting at 50% upside
Cointelegraph
Published Oct 31, 2022 04:30PM ET
Updated Nov 01, 2022 04:20PM ET
Ethereum’s native token, Ether (ETH), looks poised to log a major price rally versus its top rival, Bitcoin (BTC), in the days leading toward early 2023.
The bullish cues emerge primarily from a classic technical setup dubbed a “cup-and-handle” pattern. It forms when the price undergoes a U-shaped recovery (cup) followed by a slight downward shift (handle) — all while maintaining a common resistance level (neckline).
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Written By: Cointelegraph
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