Ethereum Price Technical Analysis – Major Break Looming

Ethereum Price Technical Analysis – Major Break Looming

Ethereum price traded higher during the past couple of days. However, it is now trading near a major breakout zone at $6.60-65. Intraday Support Level can be $5.80. Intraday Resistance Level may be $6.65. Ethereum price after correcting lower traded back higher this past week, and currently trading near the last swing high of $6.60-65. It represents a major resistance area, and acted as a barrier for buyers on many times. A contracting triangle pattern is forming on the 4-hours chart (data feed via Kraken), which can be seen as a formation for the next move. A break above the $6.65 level....


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