Cardano, Ethereum & Crypto – European Wrap 20 November
Cardano (ADA) price extends its bullish momentum, rallying more than 10% on Wednesday and reaching levels not seen since early May 2022. On-chain data further supports this rally as ADA’s whale transaction, trading volume, and open interest all rise, reaching record levels.
The technical outlook also suggests a continuation of the rally, setting the next target at the key psychological level of $1.00.
Ethereum has been trading sideways for the past few days, with the current range becoming increasingly tight. This suggests it could still be forming a fourth wave, potentially a triangle, especially if we will be able to count this as an ABCDE pattern. If confirmed, we would anticipate another push to the…
