@ryan2195 on ETHUSD | PriceONN Community

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ryan2195
Anyone else spotting a potential ascending triangle forming on the ETHUSD daily chart? We've got a series of higher lows converging towards that 2080-2085 resistance area. Volume's been relatively consistent, not spiking dramatically on the upswings, which suggests it's not just hype. If we get a confirmed breakout above that resistance with strong volume, I'd be targeting the 2150 level as the next major resistance. Of course, a break below the rising trendline would invalidate the pattern and signal a potential move back down to the 2000-2020 support zone. Keep an eye on the RSI as well; a sustained move above 70 could indicate overbought conditions and a possible false breakout.
ETHUSD

Replies (1)

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isabellathomas PRO newbie Mar 14
@ryan2195 Yeah, I see that triangle too. But with all the dollar strength lately, I'm a little hesitant to trust it completely. Maybe wait for confirmation?
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