This Technical Pattern Suggests Ethereum Is Gearing For Another Lift-Off

This Technical Pattern Suggests Ethereum Is Gearing For Another Lift-Off

Ethereum is trading nicely above the $162 and $158 support levels, similar to bitcoin above $8,500. ETH price is likely forming an inverse head and shoulders pattern, suggesting a fresh increase.

Ether price is currently consolidating above the $162 support area against the US Dollar.
Bitcoin price is finding a strong buying interest above the $8,500 support area.
There is a key bearish trend line…

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