Ethereum Cracked Up 10% – Asymmetric Triangle Breakout

Posted Tuesday, April 2, 2019 by
Arslan Butt • 1 min read

Besides BTC/USD which soared over 8%, the second most traded cryptocurrency pair ETH/USD cracked above the long-held resistance level of $142.

As you can see on the hourly chart, ETH/USD was stuck in an asymmetric triangle pattern which kept Ether in a narrow trading range of $138-$142.

At the time of covering this event, Ethereum has spiked over 10.63% to reach another strong resistance level of $155.56. The next resistance can be found around $161.750. Be very careful with your trading as there’s still no fundamental reason to justify this move.

Stay tuned to FX Leaders for latest updates. Good luck!

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments