Revolutionizing the Digital Landscape: Our CEO’s Vision for Unlimited Web Hosting…Ethereum's Bull Pennant needs confirmation. Photo credit: Pixabay.
Ethereum may be forming a Bull Pennant . As a rule, such a consolidation is followed by a breakout of the upper boundary and subsequent growth. However, this scenario needs confirmation. A sustained advancement above $3900 will indicate a full-fledged realisation of growth in ETHUSD. A bearish scenario cannot be ruled out when a failure under the support at $3700 will trigger a steady decline.
BTC and ETH exchange balances are at multi-year lows. BTC’s share has fallen to 11.6%, and Ethereum’s share has fallen to 10.6%. Whales continue to accumulate while asset supply is shrinking, BtcEcho noted.