ETH’s price could rise 40% from its bullish fractal pattern despite Ether’s sideways consolidation over the past week.
Since dropping under $2,450 on Oct. 2, Ether’s (ETH) price has consolidated between a narrow gap of $100 over the past nine days. While Bitcoin (BTC) has exhibited market volatility, Ether’s weekly returns represent a mere 1% decline.
On the weekly chart, Ethereum has also maintained a bullish position by holding above the 200-day EMA trendline.
ETH/USD on the weekly chart. Source: TradingView
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