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ETH Breaks...
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Coindoo

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Image Credit: Coindoo

ETH Breaks Out After Bullish Divergence, Altcoin Momentum Building

  • ETH's chart indicates a higher low formation, leading to a breakout and trend shift.
  • The breakout on the ETH/BTC chart was supported by a falling wedge pattern and strong volume.
  • ETH's strength against BTC is contributing to positive sentiment towards altcoins, suggesting further upside potential.
  • While Ethereum shows daily bullish divergence, many altcoins are displaying weekly bullish divergences, hinting at sustained uptrends.

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