The cryptocurrency market is exhibiting strong signs of recovery amid easing tensions between Israel and Iran. Ethereum and IOTA are in the spotlight.
Ethereum's Recovery
Cryptocurrency Ethereum (ETH) shows a sharp recovery, rising from a recent low of $2,113 to levels above $2,475. This movement in the market is linked to the overall stabilization of the political situation.
IOTA and SEI Patterns
IOTA (IOTA) is currently trading in the red, but a potentially bullish setup is forming under the surface. The token is displaying a fractal pattern that resembles the recent movement of SEI, indicating a possible reversal.
IOTA's Prospects
If IOTA continues to follow SEI's path, a breakout may be imminent. A strong daily close above both the limiting pattern and the 100-day moving average could act as bullish confirmation. However, caution is warranted as the current structure still requires confirmation.
The cryptocurrency market is recovering overall, but for IOTA, breaking through key levels is necessary to confirm a potential bullish trend.
