Just like a lot of cryptos, ETH has been trading in a consolidating pattern for almost two weeks now. During this consolidation, ETH has started to form a bullish triangle pattern.
As we speak, ETH is reversing from the support of the triangle, potentially starting a new short term bullish move upward.
I'm not sure wether we will get a bullish break out of the pattern in the end. BTC is too unpredictable for a guaranteed push towards $3200 and beyond.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.