Ethereum has been lagging over the past couple weeks compared to other majors in the market. The current price action is restricting in a triangle formation, a breakout will be imminent.

Today’s report will also include:

• Updated Technical Analysis

• Trading Tolls

• Wisdom Drops

Ethereum Price Pennant

In todays analysis - ETHUSDT - trading in a pennant formation where a break will surface in the coming hours.

Points to consider ✍️ 

• Contracting Price Action

• Local Bullish Trend

• Triangle Apex

• Bullish Expansion

EHUSDT’s immediate price action is trading between a dynamic support and resistance that is converging, allowing for a bullish bias.

The prevailing trend is considered bullish, this increases the probability of a bullish break from the current apex.

The immediate objective will be the swing high where resting liquidity is waiting to be tapped.

From Bitcoin Insider’s perspective, ETHUSDT is a valid long with defined risk. Price Action is to be used upon discretion/ management.  

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Crypto X Segment

Wisdom Drops 💧 💧 

Bitcoin Insider bouncing back to work, See you in the next one! 👊