ETHUSD TRADING IN A SYMMETRICAL TRIANGLE
Ethereum continues to trade at depressed levels on Tuesday, as the second largest cryptocurrency continues to diverge from the value of its nearest rival Bitcoin. The ETHUSD pair is currently trading in a symmetrical triangle pattern, pointing to an impending technical breakout. The MACD indicator on the four-hour time frame is also suggesting that downside pressure is starting to resume.
The ETHUSD pair is bearish while trading below the $260.00 level, key support is found at the $240.00 and $220.00 levels.
If the ETHUSD pair moves above the $290.00 level, buyers may push price towards the $300.00 and $351.00 resistance levels.
The ETHUSD pair is bearish while trading below the $260.00 level, key support is found at the $240.00 and $220.00 levels.
If the ETHUSD pair moves above the $290.00 level, buyers may push price towards the $300.00 and $351.00 resistance levels.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.