ETH Price has reached near its critical stage where anything can happen. Currently trading at 146$, it seems like a symmetrical triangle is forming. If in the following sessions, ETH price breakout from the lower trendline i.e. near 143$ followed by large trading volume (sell orders), the bears will continue...
After several failed attempts to move ETH price above the resistance level around $148-$150, ETH broke out from the lower trendline of the ascending triangle pattern and continues its downfall. Currently, trading at 142$, if selling pressure continues from the current level, we may test the first line of support...
As predicted yesterday in our analysis, bears have taken over the control and pushed down the ETH USD to the first line of defense at $138 where the buyers support emerged. In the following session, the price gained some momentum until reaching 148$ level. Currently trading at 145$, ETH USD...
