TA: Ethereum Consolidates Below $2600: What Could Trigger A Sharp Increase
Ethereum is consolidating below $2,600 against the US Dollar. ETH price must clear $2,600 and $2,620 to start a major increase in the near term. Ethereum is still struggling to clear the $2,600 and $2,620 resistance levels. The price is now trading below $2,600 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $2,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair must gain strength above $2,620 to stat a steady increase in the coming sessions. Ethereum Price Approaches Breakout Ethereum remained below the key....
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