Key Takeaways
- Ethereum has developed a descending triangle on its four-hour chart.
- If the $1,720 support level continues to hold, Ethereum could appreciate by as much as 25%.
- Conversely, if Ethereum breaks its support, a downswing to $1,300 looks likely.
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Ethereum remains stagnant in a no-trade zone that is getting narrower over time. Patience is advised until ETH can break out of this tight price pocket.
Ethereum at a Crossroads
Traders appear to be growing…
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