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Ethereum

Ethereum holding the symmetric triangle pattern

What's in this article

Ethereum was a bit volatile like the whole cryptocurrency market and it gained and lost the price likewise.

Ethereum price today is $3,911.79 USD with a 24-hour trading volume of $14,542,070,932 USD. Ethereum is down 4.36% in the last 24 hours, with a market cap of $465,210,347,224 USD. It has a circulating supply of 118,925,173 ETH coins. 

Ethereum
Source: Tradingview

 

Ethereum: Analysis

Ethereum is still moving inside the symmetric triangle and yesterday it tested the top of it while now it ranges at the bottom of it. As we discussed the symmetric triangle pattern yesterday, it can break both ways. Currently, the bottom of the triangle is acting as a support. The next support level, after a lower breakout is below the price level of December 20 at $3800, a bit lower than fib 1.272. The resistance is at $4155, the high of December 23.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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