22-08-2018 05:32 via newsbtc.com

Ethereum (ETH) Price Watch: Ready for a Triangle Breakout?

Ethereum Price Key HighlightsEthereum price has formed lower highs and higher lows to create a symmetrical triangle on the 1-hour chart.
Price is testing the top of the triangle and might be due for a bounce.
Ethereum is also nearing the peak of the formation, so a breakout in either direction is also a possibility.Ethereum is consolidating inside a symmetrical triangle pattern and is testing the resistance.
Technical Indicators Signals
The 100 SMA is above the longer-term 200 SMA to indicate th
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