ETH forming a triangle pattern

2022年3月14日

Ethereum is in a long-term bearish channel. The main support range for Ethereum is between $2350 and $2400, which if we lose this support level, the price could drop to at least $2160 again. In the daily time frame, Ethereum has formed a triangle pattern that breaking this pattern upwards and stabilizing above it, and also above resistance at $2730 can push prices up to the main resistance range, and crossing the main resistance range and stabilizing above it can bring Ethereum back to the bull market. We have to wait for one of the surfaces of the triangle pattern to break to determine the direction of price movement.