Ethereum price poised for 40% rally vs. Bitcoin after breaking out of four-month range
Cointelegraph
Published Aug 31, 2021 10:44AM ET
Updated Aug 31, 2021 12:20PM ET
Ethereum's native token, Ether (ETH), has the prospect of logging a 40% price rally against its top rival, Bitcoin (BTC), per a classic technical pattern.
Dubbed a "symmetrical triangle," the structure develops after the price forms a series of higher lows and lower highs. Doing so results in a convergence of two trendlines with a degree of symmetry, which appears a a triangle.
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Written By: Cointelegraph
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