Ethereum Price Technical Analysis – Breakout Approaching

Ethereum Price Technical Analysis – Breakout Approaching

Ethereum price recently corrected higher to trade near $8.50 where it found sellers. At present ETH/USD is consolidating and may be approaching a break. Ethereum price ETH recently managed to correct higher and traded close to the $8.50 level where it found sellers for a down move. The price moved down and currently forming a consolidation pattern, which may ignite the next move in the near term. There is a contracting triangle pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which may be broken soon for the next wave. On the upside, the triangle resistance trend line....


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