Yesterday it was a two-way situation for Ethereum from the triangle pattern. Thanks to Bitcoin for gaining for volatility, we have Ethereum Successful Breakout from triangle pattern.
Ethereum price today is $4,022.24 USD with a 24-hour trading volume of $20,215,645,744 USD. Ethereum is up 6.47% in the last 24 hours, with a market cap of $477,963,582,998 USD. It has a circulating supply of 118,830,157 ETH coins.
Ethereum Successful Breakout: Analysis
Ethereum is breaking above the triangle pattern with one green candle formed as confirmation. Just like the Bitcoin chart, Ethereum needs to break the previous high of $4171. The local support here for Ethereum is at the red line $3774, fib 0.236. the resistance should be right above the previous as the sell orders will be waiting here.