ETHUSD at Symmetrical Triangle Resistance... What Next?

Here we are looking at ETHUSD on the Daily TF…

Last week I talked about ETH trading within a rather large symmetrical triangle (as pictured on the chart), and wanted to provide an update on this chart today.

Currently, ETH finds itself at the resistance of this chart. As you can see, this is ETH’s third time interacting with this resistance zone. While ETH has had a sharp move up into this resistance, I expect it to find strong resistance in this zone, and potentially to make a move back to support.

Bitcoin is currently at 25.8k at the time of writing this, so a lot of what ETH does here with be determined by the BTC chart. If BTC wants to make a run to $30k, I find it likely that ETH would break out to the upside.

What do you think ETH will do next? Let me know in the comments!

Cheers!!