Has Ethereum Bottomed? Veteran Trader Peter Brandt Highlights Bounce At Long-Term Support [Yahoo! Finance]
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Source: Yahoo! Finance
Ethereum's recent downturn may be over, according to veteran commodities trader Peter Brandt "Small daily chart bottom in an area of longer-term historical support ETH," Brandt said in an X post on Monday. Brandt shared Ethereum's daily and monthly candle charts, showing the asset had bounced off a potentially significant support level. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.91/Share Build your own AI-powered index in minutes — and earn an uncapped 1% match when you move your portfolio to Public. Learn how it works. Ethereum on the monthly chart had bounced off the bottom of a rising wedge pattern it has been stuck in since 2021, with a potential target above $4,000. Meanwhile, on the daily chart, the asset appeared to have broken above the neckline of an inverted head-and-shoulders pattern, seemingly supporting the thesis of a potential reversal. Ethereum bull and Bitmine (NASDAQ: BMNR ) Chair Tom Lee glomm
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