ETH – 4 Hour Ascending Triangle

On the daily chart, the downtrend in Ethereum is very clear but on the 4 hour chart, we can see an ascending Triangle Pattern that signals a major move in either direction.  As the images show in the chart, such patterns can break both sides. The break is usually predicted to be equal to the size of altitude. That is, precisely speaking, more than 21%. The near term support for Ethereum is at $3470 and resistance is at $4181 near the EMA 200 line.