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