Ethereum Price Signals 35% Recovery as ETH/BTC Forms a Bullish Pennant

Ethereum (ETH) is down 7% today, June 13, with a 40% spike in trading volumes that topped $40 billion within 24 hours as traders looked to offload their coins amid concerns over Israel and Iran. Despite the drop, a bullish cross on the Ethereum price chart signals a potential 35% recovery as ETH/BTC forms a bullish pennant, signalling it could soon outperform Bitcoin (BTC).