Crypto power move or drop? ETH's next big decision

14 Kas

Ethereum prices have formed a descending triangle pattern and are currently overbought, similar to Bitcoin. At the same time, both could move higher in the long term—mainly if Trump follows through on his promises to make the US a crypto powerhouse—the short-term outlook for Ethereum is complex—critical level to watch: $3,100. If the price remains above this level, the price will move toward $3,442 and beyond. However, if Ethereum breaches $3,100 to the downside, it may activate the descending triangle pattern, possibly dropping by $327 to reach $2,780.

Will we break to the upside or downside? Share your thoughts in the comments.

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