Ethereum consolidation triangle
Ethereum is testing the strong downside resistance 2740. This is a horizontal long-term resistance coupled with a downtrend channel median line. Break above 3050 is now required to invalidate the downside extension. A break below 2740 is required for the downside extension to target the key upside support 2230. We are more inclined to a downside continuation after this consolidation is finished.
Note: look for the short trade entries with the protective orders above 3050Â
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