Cryptocurrency
Ethereum is Seeing “Largest Bullish Divergence” in Years as Traders Go Long
As reported on NewsBTC, “Ethereum has gained what appears to be a solid foothold within the $170 region in the time following its recent upswing, with its intense outperformance of Bitcoin and most of its peers allowing it to form a highly bullish short-term market structure. “Analysts are now noting that ETH is showing some […]
As reported on NewsBTC, “Ethereum has gained what appears to be a solid foothold within the $170 region in the time following its recent upswing, with its intense outperformance of Bitcoin and most of its peers allowing it to form a highly bullish short-term market structure.
“Analysts are now noting that ETH is showing some of the largest bullish divergence that it has seen in years, which could suggest an intense upswing is imminent.
“The bullishness of Ethereum’s market structure doesn’t just stem from this divergence either, as the cryptocurrency has also formed a few technical patterns that could provide it with some upwards momentum in the days and weeks ahead…