Ether (ETH) closed below the support line of the symmetrical triangle on November 4, but the bears could not maintain the lower price.
ETH/USDT Daily Chart | Source: TradingView
The bulls pushed the price back into the triangle on November 6. The ETH/USDT pair could rise to the resistance line and then to $2,850, where the bears are expected to sell aggressively. If buyers surpass this level, the pair could continue to rise to the downtrend line.
On the contrary, if the price drops from the resistance line, this indicates that the pair may still be within the triangle. The trend will favor the bears if they can pull the price below $2,300.
