ETH: ๐Ÿ” Watch for Price Breakout to Determine Trading Direction

Ethereum is currently navigating a complex phase following Bitcoin's recent all-time high near 93K. ๐Ÿ“ˆ

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. ๐Ÿ“‰ However, to remain flexible and prepared for all trading scenarios, It has been outlined both potential outcomes. โš–๏ธ

The breakout from this triangle will provide clarity on the new price direction, as illustrated in the accompanying chart. ๐Ÿ“Š

$ETH

$BTC

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