ETHUSDT: Ascending triangle is forming
An ascending triangle pattern is forming in the ETHUSDT 1h chart. The upper line breakout would give a bullish signal with a target price of around 3680$.
According to Cointelegraph, Ethereum options data also suggests the continuation of the current bounce, and derivatives traders expect strong resistance at 3600$.
According to Cointelegraph, Ethereum options data also suggests the continuation of the current bounce, and derivatives traders expect strong resistance at 3600$.
Trade active:
The price has broken the bottom line of the triangle. But there was no immediate continuation, and it looks like the market is extending its sideways moving.
I would update the triange:
I would update the triange: