Ethereum Forming A Symmetrical Pattern – Key Resistance At $4,100

Quick Summary:

Related Reading: Bitcoin Stuck Between $99K And $102K – Analyst Explains Macro Situation Top analyst Carl Runefelt recently shared a technical analysis, noting that Ethereum has encountered strong resistance near the $4,000 mark and is now consolidating within a symmetrical triangle on the hourly chart.

Ethereum Preparing To Move Ethereum has been grappling with significant resistance above the $4,100 level, leaving the market in suspense as traders anticipate its next move.

Technical Levels To Watch  Ethereum (ETH) is currently trading at $3,840 after failing to break above the critical $4,000 resistance level.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Ethereum Technical Charts Ethereum Ethereum Resistance ETHUSDT Ethereum Price action Ethereum Price analysis ETH Ethereum Ethereum news Ethereum price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-15 @ 16:00:38 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 65 lines

Sentence Length: 9 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 24419235

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Main Topics: Crypto

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