Ether price analysis

Ether - $ETH is trying to maintain above the support line of the symmetrical triangle pattern, but the bears continue to exert pressure.

A break and close below the support line will signal that the sellers have overpowered the buyers.

That could start a downward move to $2,310 and then to $2,200. Buyers will try to defend the $2,200 to $2,111 zone with all their might.

The bearish view will be negated in the short term if the price rises from the support line and breaks above the moving averages.

The ETH/USDT pair could then attempt a rally to the resistance line.

A trend change will be signaled after buyers overcome the barrier at $2,850.

Source: CoinTelegraph