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: 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.