Breaking of the top of the triangle
In the last 24 hours, Ethereum showed strong reactions to its support and resistance ranges.
At first, the upward movement of Ethereum continued up to the $1730 range, but with price reactions to the resistance levels, we saw a sharp return to the support range.
Previous support was considered on the chart in the $1,650-$1,630 range.
A strongly positive reaction to this level has been observed.
Ethereum's daily pivot is in the range of $1,690-$1,695, and if this minor resistance is broken, Ethereum can grow again to the previous resistances.
The trend of Ethereum has also ranged like Bitcoin. The uptrend can continue as long as the support levels marked on the chart are not broken.
With the breaking of the top of the triangle, Ethereum will be able to rise well in price
At first, the upward movement of Ethereum continued up to the $1730 range, but with price reactions to the resistance levels, we saw a sharp return to the support range.
Previous support was considered on the chart in the $1,650-$1,630 range.
A strongly positive reaction to this level has been observed.
Ethereum's daily pivot is in the range of $1,690-$1,695, and if this minor resistance is broken, Ethereum can grow again to the previous resistances.
The trend of Ethereum has also ranged like Bitcoin. The uptrend can continue as long as the support levels marked on the chart are not broken.
With the breaking of the top of the triangle, Ethereum will be able to rise well in price
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