🔥 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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