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Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

Published 02/15/2022, 05:00 PM
Updated 02/15/2022, 07:00 PM
© Reuters.

Global and macroeconomic concerns ranging from rising inflation rates in the United States to the prospect of Russia invading Ukraine continue to spark volatility in financial markets.

To the surprise of many analysts, the mood in the cryptocurrency market shifted in a positive direction on Feb. 15 after Bitcoin (BTC) climbed to $44,500 and Ether (ETH) regained support at $3,100.

ETH/USDT 4-hour chart. Source: TradingView
ETH/USDT 1-week chart. Source: Twitter (NYSE:TWTR)
ETH/USDT 4-hour chart. Source: Twitter
BTC/USDT vs. ETH/USD 1-day chart. Source: Twitter

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