Top Binance Trader Optimistic About Ethereum Due to 2 Technical Trends


Ethereum is primed to move even higher according to a top trader on Binance. He cites two technical trends: a falling wedge and ETH’s ability to maintain the low-$300s and high-$200s. Ethereum Poised to Surge To Fresh High: Leading Binance Trader Ethereum has undergone a strong retracement since its year-to-date highs near $490. The leading cryptocurrency currently trades for $345, far below those highs due to a strong correction in the price of Bitcoin. ETH is strongly underperforming BTC because the altcoin acts as a high beta version of Bitcoin. Logan Han, a leading trader on Binance, is optimistic about Ethereum’s prospects, though. He recently shared the chart below, suggesting that the leading cryptocurrency is on track to hit a new all-time high in the coming months and years. As to why he thinks this is the case, his chart shared two key distinct technical events: Ethereum has formed a…

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