{"id":410579,"date":"2020-01-12T07:42:12","date_gmt":"2020-01-12T07:42:12","guid":{"rendered":"https:\/\/wncen.com\/?p=410579"},"modified":"2020-01-12T07:42:12","modified_gmt":"2020-01-12T07:42:12","slug":"ethereums-price-chart-printed-this-extremely-bullish-signal","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereums-price-chart-printed-this-extremely-bullish-signal\/","title":{"rendered":"Ethereum’s Price Chart Just Printed This Extremely Bullish Signal"},"content":{"rendered":"

Over the past two days, Bitcoin, Ethereum, and the rest of the cryptocurrency market have shot higher, retaking key price levels after an 8% correction that brought BTC as low as $7,700. Analysts say that this move is a precursor to strong price action in BTC and ETH.<\/p>\n

Related Reading:\u00a0Why Bitcoin Investors\u2019 HODL Mentality Means a Price Surge Is Coming<\/a><\/h6>\n

Ethereum Bull Case Building<\/strong><\/h2>\n

Cryptocurrency trader CryptoWolf recently noted<\/a> that Ethereum’s price, with the latest price action, has allowed the cryptocurrency to break above a seven-months falling wedge chart structure. Due to the magnitude of the importance of this chart pattern, the turning of the wedge into support could lead to ETH pressing much higher than it is now.<\/p>\n

\n

ETH breaking 7-months FW structure. pic.twitter.com\/Qhkm92yXGe<\/a><\/p>\n

— Wolf \ud83d\udc3a (@IamCryptoWolf) January 11, 2020<\/a><\/p><\/blockquote>\n