Crypto Currencies World

Ethereum’s price has been consolidating over the past few months, showing neither bullish nor bearish intentions. Yet, things might be about to change soon. Technical Analysis By  Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, the price was trapped inside a large symmetrical triangle pattern, and both the higher and the lower boundaries were tested several times. The future direction of the market relies heavily on whether the market breaks out of the pattern to the upside or the downside. Meanwhile, the RSI also shows values of around 50%, which indicates a state of uncertainty in the market. The 4-Hour Chart Looking at the 4-hour chart, it is evident that the asset has recently broken below the $2,500 level. However, it is currently retesting that line, and if it can break back above, a rally toward the $2,800 resistance zone would be highly probable. On the other hand, a rejection could lead to a further decline toward the $2,300 support level. Yet, judgin...