ðĨ Ethereum Bullish Triangle Formation: Bottom Is In?
Over the course of several weeks, ETH has been trading sideways between roughly $900 - $1300. During this period, higher lows have been formed but higher highs have not yet been made. The $1275 area appears to be an area of significant selling pressure, for now.
With most alts appearing relatively bullish and BTC peaking its head above $22k, it seems to me that in time ETH will trade above the top resistance of the bullish triangle. We're either going to break out today or in a couple of days after retesting the triangle's support.
Target area is between $1450 and $1550, which has previously been a strong area of demand.
With most alts appearing relatively bullish and BTC peaking its head above $22k, it seems to me that in time ETH will trade above the top resistance of the bullish triangle. We're either going to break out today or in a couple of days after retesting the triangle's support.
Target area is between $1450 and $1550, which has previously been a strong area of demand.
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