Will ETH surpass Bitcoin? No one knows what the future holds, but the facts are, against BTC, Ethereum has risen by 50% in the last month.
Rising wedges are bearish reversal patterns that occur when the price trends higher inside a range defined by two rising, converging trendlines. As a rule, they resolve after the price breaks below the lower trendline by as much as the structure's maximum height.Moreover, a declining volume and relative strength index against a rising ETH/BTC further increases bearish divergence risks. This gives weight to the wedge's bearish setup for a target of 0.
The potential of a 10% breakout for ETH/USD looks strong in August due to a classic bullish reversal pattern.On a four-hour chart, ETH/USD has formed what appears to be a"double bottom." This pattern resembles the letter"W" due to two consecutive lows followed by a change in direction from downtrend to uptrend, as illustrated below.
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