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Ethereum Price Analysis: ETH/USD Recovery Could Be Sabotaged By Rising Triangle Pattern
Ethereum price is leading recovery among the top three digital assets. After opening the session on Monday above at $199.59, the bulls pulled the price above $200. An intraday high has been formed at $204.43 (current immediate resistance). Ethereum is valued at $203.22 at the time of writing, representing a 1.82% growth on the day. Looking at the 2-hour chart, the price is trading between the 200 Simple Moving Average (SMA) support and the 50 SMA resistance. The narrowing gap between the moving averages hints towards a growing sellers’ grip. The growth above $200 appears to be in jeopardy especially with the ... (full story)