$ETH Price Action Analysis

Ethereum price action analysis reveals that the price has been caged in a narrow zone for the last few hours. Now this price zone has taken the form of a Triangle pattern as shown in the figure below.

As time passes, the price movement will be further congested until the price breaks this triangle.

Breach of either line of the triangle at heavy trade volume will mark the breakout of this triangle. After breakout, #ETH price will offer a definite move in the direction of the breakout. The extent of price movement will be equal to the maximum distance between 2 lines of the triangle.

Keep watching the unfolding of price action and take trade entry after the breakout of the triangle.

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