ETH's Contracting Triangle: Follow The Price Breakout
2025-01-27
Category: None

ETH's Contracting Triangle: Follow The Price Breakout 

Currently, ETH is developing a contracting triangle pattern, which presents potential trading opportunities.The direction ETH will take remains uncertain, as markets are focused on Trump's comments on cryptocurrencies.

However, the breakout from the pattern will determine the next price direction:

 Bullish Scenario: 
If the price moves above the triangle or nearly above 3390, it should confirm and unfold according to the bullish scenario in blue.

 Bearish Scenario:  
If the price moves below the triangle or nearly below 3252, it should confirm and develop according to the bearish scenario in red.

 You may find more details in the chart!
Thank you and Good Luck!

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