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ETH Prints Bullish Adam & Eve Double Bottom Pattern Indicating Imminent Launch Towards $4,800 Target and Higher
Yesterday, Ethereum (ETH) printed a bullish Adam & Eve double bottom pattern, which has sparked significant interest among cryptocurrency enthusiasts. As we can see from the tweet below, this development is being hailed as a major near-term bullish reversal that could potentially send prices back into the $4,000 range.
[Image: Javon Marks’ Tweet on Ethereum’s bullish signal]
With this major bullish sign, the analyst highlights the possibility of an imminent launch towards a target of $4,800 and higher. This comes amid a broader market shift from greed to neutrality, which could be paving the way for a massive crypto price surge.
In recent times, Bitcoin (BTC) has been on a decline, with many speculating that this downward trend may continue before eventually leading to an explosive recovery. Should this forecast come true, we can expect altcoins like Ethereum to follow suit and potentially set new all-time highs.
With ETH’s price chart displaying a clear Adam & Eve double bottom pattern, traders and investors are becoming increasingly optimistic about the short-term outlook for the cryptocurrency.
Source: cryptonewsland.com
