ETHEREUM Breaking Arch Soon But Looks To Remain in Consolidation
Ethereum is going to be breaking out of the arch pattern soon. Unlike most trend breakouts, ETH is looking like it will still be trading sideways after the movement out from trend lines.
Low volumes and neutral indicators on most charts have given indication that it's likely Ethereum will still trade sideways into further consolidation.
Supports are currently at $291, $288, and $280. On the top, we have resistance at $296, $303, and $313.
Stay tuned for more updates after the break. Happy trading!
@exxodus thanks for giving this headsup about the evolution of ETH. Just upvoted. @gold84
@gold84 thank you! :)
You are welcome @exxodus your upvote back will be greatly appreciated too!
Thank you for the valuable information. I am hopeful that my investment in ethereum will pay off sooner.
Thanks! Long term it will. I'm assuming you're probably not planning to sell anytime soon though since you're calling it an investment. :)
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