This analysis which is conducted in the chart is based on technical analysis. I believe this would be the local accumulation range before consolidating, then a fake mark up at the end of the triangle with a takedown. This will simultaneously have the people who went long early, closed out of their position, while also trapping the people who went short at the...
Ethereum at this point is staying close to the 50 EMA after losing strength in holding the 30 and the 15 EMA. Although we are consolidating below resistance (bullish), the break of $3336 with an hourly close above that price would favour higher prices.
In failing to break $3289 shortly will result in a continuation to the downside, along with the crosses of the...
