Ethereum reacts on the edge and challenges Bitcoin leadership

If the figure is confirmed, we could see a big turnaround in the market.
Good conditions would be in place to see a powerful upward movement in the coming weeks.

Tomas Salles FXStreet

The ETH/BTC pair is trading positively in the European afternoon, bringing hope to the crypto market by drawing a big green candle which, if the day ends this way, will leave a "morningn star" figure for tomorrow.

This type of figure usually indicates a turning point in the dominant trend, especially when preceded by long-term trends, as is the case here.

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Author

Tomas Salles

FXStreet

Tomàs Sallés was born in Barcelona in 1972, he is a certified technical analyst after having completing specialized courses in Spain and Switzerland.

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