Ethereum is showing signs for a big move in the near future. We've got an ascending triangle forming since early December. The retrace over the past month stopped short of the old trend line and started forming another ascending triangle (yo dawg, I heard you like ascending triangles).
Once this breaks out of the larger triangle, we can expect the price to rise about $80 (the height of the large triangle) to around $240.
It's worth noting, but perhaps not all that shocking, the RSI has been trending upwards since the large triangle started forming, yet another positive indicator.
Once this breaks out of the larger triangle, we can expect the price to rise about $80 (the height of the large triangle) to around $240.
It's worth noting, but perhaps not all that shocking, the RSI has been trending upwards since the large triangle started forming, yet another positive indicator.