This Simple Breakout Pattern Could Resend Ethereum Price Above $400

This Simple Breakout Pattern Could Resend Ethereum Price Above $400

Ethereum 1

Ethereum dived from the $417 swing high and traded below $350 against the US Dollar. ETH price is currently recovering above $375 and it is likely to climb back above $400.

  • Ethereum started a sharp decline from the $417 high and dived towards the $300 support.
  • The price recovered sharply above $350 and it is now trading above the 100 hourly simple moving average.
  • There is a key contracting…

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