On June 26, Ethereum broke down from a rising support line that had been in place since March 13. While the price is still trading inside a strong support area, the bearish price action suggests that the current upward trend has ended. Ethereum's Long-Term Movement Looking at the weekly chart, we can see that ETH has been trading inside a very long-term symmetrical triangle since
Will Ethereum Break Out Above $250?
Ethereum is trading inside a long-term symmetrical triangle.
The price has broken down from an ascending support line that had been in place since March 12.
There is support at $220 and $187, while resistance is at $247.
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