This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ethereum is forming a symmetrical triangle, which is a neutral-to-bullish pattern.
If ETH follows this structure and breaks out above resistance, we may see a strong move soon, and the price could reach $3,150 to $3,300.
Altcoins have been falling for a long time, and most of them are now in the oversold zone, so a pullback or relief bounce can be expected 👍