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  • ETH continues to stay ranged.
  • No breakout seen in the near term.

Ethereum, the ambitiuos second largest cryptocurrency by market capitalisation is stuck in a narrowing triangle on the medium term chart, but the breakout of this triangle is still away before it can move in either direction.

ETH/USD is down 0.4 percent on day at $200.18   and in just a percent range, a reinforcement of the fact that the ranges are no more as robust as it used to be in the glorious past.

On the 480-minute chart, the second largest crypto is stuck in a narrowing triangle, which is still some poles away before it breaks out in either direction, perhaps on the downside, as mentioned by this author  in the earlier article. (Read here)

ETH/USD 480-minute chart: