Ethereum’s Chart Pattern Points to Potential Rally to New Price Hight

Veteran trader Peter Brandt suggests that Ethereum could surge towards $3,800-$4,800 if the coin breaks through a rising wedge pattern. A short-term pullback may occur as the taker buy-sell ratio drops below one, signaling caution from futures traders. This follows an impressive 38% price increase over the past week for Ethereum (ETH), exceeding its realized price for accumulating addresses ($1,900) and suggesting profits for holders.