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Ethereum is still undecisive

Ethereum is still undecisive even after the week closes green

Though Ethereum successfully secured some good green candles this week but turns out Ethereum is still undecisive under the symmetric Triangle Pattern.

Ethereum price today is $4,056.50 USD with a 24-hour trading volume of $9,963,089,358 USD. Ethereum is up 0.39% in the last 24 hours, with a market cap of $482,355,572,670 USD. It has a circulating supply of 118,909,305 ETH coins.

Ethereum is still undecisive
Source: Tradingview

 

Ethereum is still undecisive: Analysis

Symmetric patterns are formed when the chart makes lower highs and higher lows on a set timeframe. Breakout from such patterns can move both ways with similar momentum. Ethereum is caught under this pattern on the 4-hour time frame and can breakout both ways from here. The support here is at December 25th’s bottom of $3755 and the resistance is at the top of $4263, fib 1.272 the price level of December 9.

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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