ETH Breaks Triangle Grind

Yesterday we highlighted the triangle pattern in Ethereum and today thanks to Bitcoin’s rally ETH has broken to the upside with one green candle formed as confirmation. Just like the Bitcoin chart, Ethereum needs to break the previous high of $4171. The local support here for Ethereum is at the red line $3774, fib 0.236. the resistance should be right above the previous as the sell orders will be waiting here.