ETH: ๐ Watch for Price Breakout to Determine Trading Direction
Ethereum is currently navigating a complex phase following Bitcoin's recent all-time high near 93K. ๐
Since completing a bearish Head & Shoulders pattern, ETH has struggled to establish a clear direction. โ
At present, we observe a contracting triangle pattern, suggesting a higher probability of a downward movement. ๐ However, to remain flexible and prepared for all trading scenarios, It has been outlined both potential outcomes. โ๏ธ
The breakout from this triangle will provide clarity on the new price direction, as illustrated in the accompanying chart. ๐