technicalanalysis

Ethereum Eyes Breakout as Triangle Pattern Emerges

Ethereum Eyes Breakout as Triangle Pattern Emerges

Ethereum is still consolidating in a symmetrical triangle on the hourly chart, suggesting an incoming Ethereum price breakout. This consolidation, in tandem with important on-chain activity, has contributed to a greater sense of curiosity about Ethereum’s direction.The Ethereum cryptocurrency is currently trading at $1,666, with a marketcap trading volume of...

Ethereum's Symmetrical Triangle: Is This the Calm Before the Storm?

Ethereum's Symmetrical Triangle: Is This the Calm Before the Storm?

The crypto world is buzzing. Ethereum's price movements have everyone glued to their screens, especially with this symmetrical triangle formation that's been pointed out. Volume’s increased tremendously, price is sitting at about $1,666, and you can practically cut the atmosphere with a knife it’s so full of buzz. What does...

ETH's 17% Price Swing: Triangle Pattern Points to Big Move!

ETH's 17% Price Swing: Triangle Pattern Points to Big Move!

Ethereum (ETH) is taking form of a symmetrical triangle pattern which indicates that a big price range breakout is looming. This pattern forms when the price oscillates within a narrowing range, bounded by two converging trend lines. For traders and investors alike, knowing this pattern is important for predicting potential...