Ethereum Poised to Resume Uptrend As Crucial On-Chain Metrics Turn Bullish

Ethereum Poised to Resume Uptrend As Crucial On-Chain Metrics Turn Bullish

Ethereum ETH 14.41.06 15 Jul 2020

Ethereum entered a consolidation period over the past week that has led to the formation of a descending triangle on its 4-hour chart. A horizontal trendline developed along with the swing lows while a descending trendline formed along with the swing highs.

The continuation pattern estimates that a spike in demand for Ether that allows it to break above the hypothenuse could propel its price to…

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