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ETH Reaches Resistance at the Upper Boundary of a Triangle — Can the Bulls Break Above?

  • Ethereum has seen a recent price surge totaling over 10% over the past week of trading.
  • The market is now trading at the upper boundary of a short-term symmetrical triangle pattern.
  • Support moving forward: $212, $202, $200, $197, $190, $188, $181, $180, $167.
  • Resistance moving forward: $222, $226, $234, $250, $260, $271, $290, $300, $308.

Ethereum has seen a 1.79% increase in price over the previous 24-hour trading session as the cryptocurrency now is trading hands at a price around $220, at the time of writing. The market has undergone a further 10.72% price surge over the past 7 trading days, as price action breaks back above the $200 handle once again.

Ethereum is still ranked in 2nd position in terms of overall market cap across the entire industry, holding a total market cap of $22.53 billion. Despite the recent price rise, the market has still suffered a rough 90-day stint as price action dropped 40% over this period.

The 30-month old coin is now trading at a level that…


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