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Ethereum Successful Breakout from triangle pattern

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
Source: Tradingview

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.

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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