ETH: QUICK UPDATE!!

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Welcome to this quick ETH update.

ETH is forming a big symmetrical triangle in the daily time frame and rejecting the upper resistance line. Currently, it is trading around the $1600 level. So we have two possible scenario's from here.

First, a possible scenario is to get a bounce from the green support zone ($1420-$1500 range)

The second possible scenario is if we break below the $1420 level then there are high chances that we revisit the lower trendline of the triangle ($1200 level)

So for a bullish momentum in ETH, we need to break and hold above the symmetrical triangle.

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Chart PatternscorecryptoETHETHUSDTTechnical IndicatorsrejectionresistenceSymmetrical TriangleTrend Analysis

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