Ether (ETH) traded close to a level that has previously marked market bottoms, as classic chart patterns suggested a possible rally to $5,000.
Key takeaways:
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Ether price traded closer to its realized price, historically a buying opportunity that has led to major rallies.
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V-shaped recovery and falling wedge patterns emerge, targeting $5,000 ETH price.
Ether price poised for parabolic rally
The ETH/USD pair dropped 45% to multimonth lows of $2,621 on Nov. 21 from a high of $4,758 reached on…
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