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#Ethereum is still trading inside a symmetrical triangle and is now approaching the apex of the pattern.
A breakout or breakdown looks very close, and the next move could be sharp. 👀
For now, price is holding above the rising trendline, but it continues to face resistance from the upper trendline and the 200 MA overhead.
A confirmed breakout above the triangle could trigger a strong relief rally, while a breakdown below support may resume the downtrend.
The breakout or breakdown from this structure will decide the next major move.
What's your view, breakout or a breakdown?
ethereum:native