Ethereum (ETH) is on the cusp of potentially climbing higher, drawing attention from breakout traders. However, the journey upward isn’t straightforward, as market dynamics often see an initial move in the opposite direction to gather liquidity. This necessitates patience among ETH enthusiasts eager for gains. The price of Ethereum has recently carved out a trading range, plummeting 25% from $3,054 to $4,095 between March 11th and 20th. Presently, ETH has surged past the mid-point of this range, stationed at $3,574, signaling a promising, albeit volatile, ascent. This abrupt price movement, while tempting for traders, warrants caution. The cryptocurrency market is
