Ethereum and Coinbase have demonstrated similar market recovery patterns, with Ethereum rising 60% from its accumulation range and Coinbase increasing by 15% above its base. Analyst Merlijn The Trader highlighted the alignment in their price structures, indicating that Ethereum might continue to follow Coinbase's upward trend. Both assets experienced failed breakdowns during market corrections, marking the end of selling pressure and the beginning of new accumulation phases. Currently, Coinbase is trading at $312.59, while Ethereum is priced at $4,153.90.
Ethereum and Coinbase Exhibit Parallel Market Recovery Patterns
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