- Ethereum is trading 1.5% higher today as general crypto sentiment remains positive.
- There is a flag pattern forming on the 4-hour chart and a break could indicate the future direction.
ETH/USD 4-Hour Chart
Ethereum has consolidated into a flag pattern on the 4-hour chart.
The main support level is at 144.20, while resistance is at 158.36.
There is also resistance at the top of the chart pattern and a break of 152.00 would break the pattern.
The market is definitely in a decision-making phase but the longer-term trend is still down.
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