\nThe Ethereum price may witness a minor pullback to recuperate the bullish momentum\t\t\t\t<\/p>\n
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<\/a> <!– <\/p>\n –>\n <\/p><\/div>\n The Ethereum coin price has steadily recovered<\/a> since the beginning of December. Starting the month at $20246, the coin price surged to a current high of $2403, registering a 15% growth. Amid this rally, the coin price gave a decisive breakout from the resistance trendline of a long-coming wedge pattern, indicating the potential for higher recovery.<\/span><\/p>\n <\/p>\n Also Read: Ethereum L2 Starknet Earmarks 1.8B STRK for its Mega Airdrop<\/a><\/p>\n The Ethereum price<\/a> recovery began in mid-October, starting with a rebound from the $1525 level. This turnaround led to a significant 58.3% increase in its value, bringing it to the current trading price of $2404.\u00a0<\/span><\/p>\n This upward trajectory has been largely influenced by general market optimism and the formation of a rising wedge pattern. Throughout the year, under this pattern\u2019s guidance, the ETH coin has maintained a slow yet steady uptrend.\u00a0<\/span><\/p>\n<\/blockquote>\n <\/p>\n A notable event in this rally occurred on December 30th, when the coin\u2019s price broke through the upper trendline of the pattern, signaling a readiness for a more dynamic rally and presenting an entry point for buyers. With an intraday gain of 0.51%, the coin price might revisit the breached trendline to confirm its sustainability.\u00a0<\/span><\/p>\n Riding on this pattern, the ETH price could potentially see a 51% surge, aiming for the $3400 mark<\/span><\/p>\n <\/p>\n The leading cryptocurrency, Bitcoin and Ethereum, has shown substantial growth in the past two months, reinforcing a recovery trend in the cryptocurrency market. However, there\u2019s a distinct difference in their price behaviors: the BTC price has shown a steady increase, while the Ethereum price has been more volatile, with occasional drops. This difference suggests that Bitcoin might offer a more reliable breakout opportunity, whereas the ETH price could be more effectively traded using pullback strategies.<\/span><\/p>\n \n Share this article on:<\/p>\n –><\/p>\n Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading <\/p>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n
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\n <\/a>\n<\/div>\nWill the ETH Price Rise to $3400?<\/b><\/h2>\n
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ETH vs BTC Performance\u00a0<\/b><\/h2>\n
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