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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
  • XRP tanks 10% but ATH comeback is still in play: Bitpanda exec
  • Scammers pounce as crypto markets touch new all-time highs
  • Scammers pounce as crypto markets touch new all-time highs
  • Crypto 'control' takes center stage at Roman Storm trial
  • Asymmetric shifts funds strategy after investor posts losses on X
  • Ether emerges as winner after crypto’s ‘watershed moment’: Bitwise
  • Traditional companies enter the crypto treasury game with BTC, XRP and SOL buys

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