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. Ethereum’s native token Ether (ETH) opened its weekly candle at $1,807 on May 7, and now it is close to recording its highest 7-day returns of 38% since December 2020. Ether also surpassed its realized price for accumulating addresses ($1,900), which is the average cost basis for holders, signaling profits for users
source: https://cointelegraph.com/news/ethereum-chart-pattern-supports-moon-shot-rally-to-new-price-highs-if-confirmed-trader?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound