Ether Likely Building Energy To Smash Through $3K

Description

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Ether ETH appears poised to surpass the $3,000 mark as it forms an "ascending triangle" pattern on the price chart. The ascending triangle is characterized by horizontal upper-bound resistance or supply point that repeatedly caps gains and an upward-sloping support line. Ether has faced resistance at $2,735 multiple times over the past two weeks, while subsequent reaction lows have been rising. ...