ETH/USD Technical Analysis: The technical pattern break sends prices higher

FX Street

Published date: 28 Nov. 2019 | 18:22

Ethereum trades half a percent higher today as crypto sentiment remains mixed.
There is a bull flag on the intraday chart that points to some more bullish momentum.

ETH/USD 30-Minute Chart

Ethereum has broken the bull flag chart pattern on the 30-minute chart.

The pole of the formation kicked off on Wednesday after the price hit a low of 141.44.

Sometimes patterns can come back to retest so be aware but the initial signs are good.

The wave high resistance is 155.95 so a break and close above that level is key.

Additional Levels

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