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Ethereum Price Forms Megaphone Bottom Not Seen Since 2020, Here’s What Happened Last Time

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Ethereum Price Forms Megaphone Bottom Not Seen Since 2020, Here’s What Happened Last Time - NewsBTC

Quick Summary:

The analyst revealed what happened the last time ETH formed this bottom, which provides a bullish outlook for the altcoin.  Ethereum Price Forms Megaphone Bottom In a TradingView post, TradingShot stated that the Ethereum price has formed a megaphone bottom like in March 2020.

He stated that the Ethereum price eventually broke upward the last time it formed this megaphone between June 2019 and March 2020, which happened after the brutal COVID crash bearish leg that touched bottom.  He noted that the March 2020 period is quite similar to the current bearish Ethereum price action since late December.

Crypto analyst TradingShot has revealed that the Ethereum price has formed a megaphone bottom which has not been seen since 2020.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 17:30:48 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27224754

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

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News Last Updated: 10 hours ago

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