Ethereum price poised for 40% rally vs. Bitcoin after breaking out of four-month

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Ethereum price poised for 40% rally vs. Bitcoin after breaking out of four-month range

‘s native token, Ether (ETH), has the prospect of logging a 40% price rally against its top rival, (BTC), per a classic technical pattern.

Dubbed a “symmetrical triangle,” the structure develops after the price forms a series of higher lows and lower highs. Doing so results in a convergence of two trendlines with a degree of symmetry, which appears a a triangle.

weekly chart featuring a symmetrical triangle setup. Source: TradingView
vs. daily chart. Source: TradingView