Ethereum continues to trade in a narrow range with price remaining trapped inside a well-defined symmetrical triangle pattern. Sellers failed to break to the downside yesterday, we may now see buyers trying to break the upper trendline of the neutral pattern. The triangle pattern holds a projection of around $60.00 and will likely trigger the next directional move in the ETHUSD pair.
The ETHUSD pair is only bullish while trading above the triangle pattern, key resistance is found at the $242.00 and $274.00 levels.
If the ETHUSD pair trades below the triangle pattern, sellers are likely to target the $183.00 and $158.00 support levels.
The ETHUSD pair is only bullish while trading above the triangle pattern, key resistance is found at the $242.00 and $274.00 levels.
If the ETHUSD pair trades below the triangle pattern, sellers are likely to target the $183.00 and $158.00 support levels.
