Ethereum Failed Breakout Attempt Outlined by Trader

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Ethereum recently fell below a significant support area and validated it as resistance. It is currently decreasing towards the support line of a descending channel. While inside this channel, the Ethereum price has decreased by 40%. However, it has begun showing some signs of a reversal. Price action trader @TheCryptoCactus outlined the current trading pattern for Ethereum. He
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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