ETH is currently consolidating in a symmetrical triangle - a narrowing range created by alternating lower highs and higher lows. This pattern is considered neutral, but when broken through it usually gives a strong impulse to movement, you also need to take into account the information from the previous analysis of ETH
A pennant is also being formed - after a strong impulse, the price contracts, creating a small narrow channel (pennant), which often continues to move in the same direction after the breakout
Current price: $3.684
Probable price of the upper breakout from $4100 to $4800, then most likely there will be a small price drop
The probability that we will go down is extremely small now, but the price may fall to the level of $3400 or $3300
A pennant is also being formed - after a strong impulse, the price contracts, creating a small narrow channel (pennant), which often continues to move in the same direction after the breakout
Current price: $3.684
Probable price of the upper breakout from $4100 to $4800, then most likely there will be a small price drop
The probability that we will go down is extremely small now, but the price may fall to the level of $3400 or $3300
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